The impact of uncertainty on activity in the euro area
ثبت نشده
چکیده
Fluctuations in uncertainty can play an important role in shaping the economic conjuncture and outlook. This article discusses the various methods proposed in the literature to measure uncertainty and shows how these measures have evolved in the euro area. It describes the transmission channels of fluctuations in uncertainty to the economy and provides some model-based evidence for the impact of uncertainty on euro area activity. The results suggest that uncertainty in the euro area rose substantially during the Great Recession and during the sovereign debt crisis, and that high uncertainty could significantly dampen activity in the euro area, and notably investment.
منابع مشابه
The Interactions between the Lending Rates, Deposit Rates and Money Market Rates
T he present paper investigates the impact of the financial crisis on the interaction between the lending rates, deposit rates and money market rates through the process of retail bank interest rate pass-through in the countries of the Euro area. Among our findings is the heterogeneity of bank rate adjustments across sectors, loans and deposits. That was mainly marked during the pre-...
متن کاملAn Adaptive Weighted Fuzzy Controller Applied on Quality of Service of Intelligent 5G Environments
in computational intelligence area, it is suitable to fulfill the analysis in order to interpret the concept and sources of uncertainty and the conditions of its incidence, and hence pursuit for reliable techniques of dealing with it. Dealing with uncertainties in this case is a challenging and multidisciplinary activity. So, there is a need for a capable tool for modeling, control, and analyti...
متن کاملEconomic uncertainty and its impact on costs of consumption and private sector investment in the Iranian economy
The issue of uncertainty and its economic impact is one of the topics that economic researchers have considered in recent years. In conditions of uncertainty, the decision of economic units to produce, consume and invest, etc., is different from normal conditions. This study aims to determine the index of economic uncertainty for Iran according to the channels of its impact on the economy. Ther...
متن کاملThe Relationship between Lifecycle and Idiosyncratic Volatility with Emphasis on Fundamental and Information Uncertainty of Firms listed on the TSE
According to the importance and the increasing trend of idiosyncratic volatility in recent years, the study of factors affecting idiosyncratic volatility is one of the important issues in financial markets. So, the purpose of this study is to investigate the relationship between lifecycle and idiosyncratic volatility with emphasis on fundamental and information uncertainty. In this regard, 152 ...
متن کاملIdentification of critical sediment source areas across the Gharesou watershed, Northeastern Iran, using hydrological modeling
In this study, the process-based watershed model, Soil and Water Assessment Tool (SWAT), was used for simulating hydrology and sediment transport in the Gharesou watershed and for identifying critical areas of soil erosion and water pollution. After model calibration and uncertainty analysis using SUFI-2 (Sequential Uncertainty Fitting, ver. 2) method, the outputs of the calibrated model were u...
متن کامل