Fear, overconfidence, and fundamental uncertainty shocks

Visa fullständig post

Titel: Fear, overconfidence, and fundamental uncertainty shocks
Författare: Ambrocio, Gene
Serie: Applied Economics Letters
Serievolum: 28
Serienumber: 9
Utgivningsår: 2021
Utgivningsdatum: 7.6.2021
DOI: 10.1080/13504851.2020.1776830
Sidor: 760-764
Nyckelord: euroalue; odotukset; epävarmuus; mittarit; ennusteet; makrotalous
JEL: C32; D84; E37
Andra nyckelord: uncertainty; survey forecasts; fear; overconfidence
Abstrakt: I study the effects of expected and realized uncertainty on Euro area macroeconomic conditions. I use a range of expected and realized uncertainty measures including those based on survey forecasts and find that the effects of expected uncertainty vanish once realized uncertainty is accounted for when using financial or news media-based measures. On the other hand, shocks to a survey-based measure of expected uncertainty do appear to have dampening effects.


Filer under denna titel

Filer Storlek Format Granska

There are no files associated with this item.

Detta dokument registreras i samling:

Visa fullständig post