Andreas Dibiasi, Samad Sarferaz
arXiv 16 Jun 2020 · Econometrics · 1 citations (OpenAlex)
arXiv:2006.09007 · PDF · DOI · OpenAlex · Extracted main text
This paper constructs internationally consistent measures of macroeconomic uncertainty. Our econometric framework extracts uncertainty from revisions in data obtained from standardized national accounts. Applying our model to post-WWII real-time data, we estimate macroeconomic uncertainty for 39 countries. The cross-country dimension of our uncertainty data allows us to study the impact of uncertainty shocks under different employment protection legislation. Our empirical findings suggest that the effects of uncertainty shocks are stronger and more persistent in countries with low employment protection compared to countries with high employment protection. These empirical findings are in line with a theoretical model under varying firing cost.
appendix boundary found by appendix_command · 69% of the source is main text. Read the extracted text to check this.
The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | N. Bloom, M. Floetotto, N. Jaimovich, I. Saporta-Eksten, and S. J. T… (2018) Really uncertain business cycles | 1.000 | 15 | 3 | 100% |
| 2 | J. P. Jacobs and S. van Norden (2011) Modeling data revisions: Measurement error and dynamics of "true" values | 1.000 | 6 | 3 | 100% |
| 3 | N. Bloom (2009) The impact of uncertainty shocks | 0.928 | 4 | 3 | 100% |
| 4 | S. R. Baker, N. Bloom, and S. J. Davis (2016) Measuring economic policy uncertainty | 0.928 | 4 | 3 | 100% |
| 5 | K. Jurado, S. C. Ludvigson, and S. Ng (2015) Measuring uncertainty | 0.867 | 23 | 7 | 65% |
| 6 | T. Berger, S. Grabert, and B. Kempa (2017) Global macroeconomic uncertainty | 0.811 | 4 | 2 | 100% |
| 7 | A. Carriero, T. E. Clark, and M. Marcellino (2019) Asssessing international commonality in macroeconomic uncertainty and its effects | 0.811 | 4 | 2 | 100% |
| 8 | H. Mumtaz and K. Theodoridis (2017) Common and country specific economic uncertainty | 0.811 | 4 | 2 | 100% |
| 9 | C. Redl (2018) Uncertainty matters: evidence from close elections | 0.737 | 3 | 2 | 100% |
| 10 | A. Z. Fernandez, H. Branch, E. F. Koenig, and A. Nikolsko-Rzhevskyy (2011) A real-time historical database for the oecd | 0.644 | 3 | 2 | 67% |
Showing the top 10 of 73 scored citations.