The global effects of Covid-19-induced uncertainty

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dc.contributor Bank of Finland
dc.contributor.author Caggiano, Giovanni
dc.contributor.author Castelnuovo, Efrem
dc.contributor.author Kima, Richard
dc.date.accessioned 2020-06-08T08:35:47Z
dc.date.available 2020-06-08T08:35:47Z
dc.date.issued 2020
dc.identifier.isbn 978-952-323-332-4
dc.identifier.issn 1456-6184
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/17456
dc.description.abstract We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world industrial production to simulate the effects of the jump in financial uncertainty observed in correspondence of the Covid-19 outbreak. We predict the cumulative loss in world output one year after the uncertainty shock due to Covid-19 to be about 14%.
dc.format.extent 14
dc.language.iso ENG
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject COVID-19
dc.subject teollisuustuotanto
dc.subject rahoitussyklit
dc.subject.other Financial Uncertainty
dc.subject.other Vector AutoRegressions
dc.subject.other World industrial production
dc.subject.other Global financial cycle
dc.title The global effects of Covid-19-induced uncertainty
dc.type Paper
dc.identifier.urn URN:NBN:fi:bof-202006082174
dc.subject.jel C32
dc.subject.jel E32
dc.series.name Bank of Finland Research Discussion Papers
dc.series.year 2020
dc.series.number 11/2020
dc.series.sortingnumber 0011
dc.date.publication 8.6.2020
dc.subject.yso teollisuus
dc.subject.yso tuotanto
dc.subject.yso kansainvälinen talous
dc.subject.yso epävarmuus
dc.subject.yso pandemiat
dc.subject.yso taloudelliset vaikutukset
bof-internal.includedInCRIS 1
dc.type.okm D4

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