Time Varying Effect Of Uncertainty Shocks On Unemployment

Download or read book Time-Varying Effect of Uncertainty Shocks on Unemployment written by Ozan Eksi and published by . This book was released on 2019 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: We employ a time-varying parameter VAR to examine the dynamic effect of uncertainty shocks on unemployment during different recessions. We find that the impact of uncertainty shocks during the Great Recession is significantly larger compared to previous recessions. Empirical studies should consider that economic dynamics of the Great Recession are substantially different.