Domestic and global uncertainty: A survey and some new results

Efrem Castelnuovo

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: This survey features three parts. The first one covers the recent literature on domestic (i.e., country-specific) uncertainty and offers ten main takeaways. The second part reviews contributions on the fast-growing strand of the literature focusing on the macroeconomic effects of uncertainty spillovers and global uncertainty. The last part proposes a novel measure of global financial uncertainty and shows that its unexpected variations are associated to statistically and economically fluctuations of the world business cycle.

Keywords: Uncertainty; uncertainty shocks; spillovers; global financial uncertainty; world business cycle (search for similar items in EconPapers)
JEL-codes: C22 E32 E52 E62 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2019-10
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (38)

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https://cama.crawford.anu.edu.au/sites/default/fil ... 2019_castelnuovo.pdf (application/pdf)

Related works:
Working Paper: Domestic and Global Uncertainty: A Survey and Some New Results (2019)
Working Paper: Domestic and Global Uncertainty: A Survey and Some New Results (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2019-75

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