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Uncertainty Before and During COVID-19: A Survey

Efrem Castelnuovo ()

No 279, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"

Abstract: This survey features three parts. The first one reviews the most recent literature on the relationship between domestic (i.e., country-specific) uncertainty and the business cycle, and offers ten main takeaways. The second part surveys contributions to the fast-growing strand of the literature that focuses on the macroeconomic effects of uncertainty spillovers and global uncertainty. The last part presents contributions on the role played by uncertainty during the COVID- 19 pandemic.

Keywords: uncertainty; business cycle; spillovers; global uncertainty; global output; COVID-19 (search for similar items in EconPapers)
JEL-codes: C22 E32 E52 E62 (search for similar items in EconPapers)
Pages: 67 pages
Date: 2022-06
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