| Description |
1 online resource (27 pages). |
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text file |
| Series |
IMF Working Papers ; v. Working Paper No. 15/36
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IMF Working Papers.
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| Contents |
Cover; Contents; I. Introduction; II. Measuring Uncertainty: Aggregate vs. Sectoral; A. The Effect of Uncertainty Shocks on Unemployment: Different Explanations; B. Construction of the Uncertainty Indices from the U.S. Stock Market; III. Structural VARs; A. The Effects of Uncertainty Shocks; B. Contribution of Uncertainty Shocks to Long-Term Unemployment during the Great Recession; C. Robustness Checks; IV. Conclusion; References; Figures; 1. Uncertainty Index; 2 Distribution of Aggregate and Sectoral Uncertainty Indices; 3. Unemployment Rate (percent). |
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4. Response to Aggregate Uncertainty Shocks (7 Variable VAR)5. Response to Sectoral Uncertainty Shocks (7 Variable VAR); 6. Forecast Error Decomposition of Unemployment Rate by Aggregate Uncertainty; 7. Forecast Error Decomposition of Unemployment Rate by Sectoral Uncertainty; 8. The Response of the Long-term Unemployment Rate to Uncertainty Shocks; 9. Contribution of Uncertainty Shocks to the Long-term Unemployment Rate during the Great Recession; 10a. Robustness Check: Estimation with Data from 1984Q1 to 2014Q3; 10b. Robustness Check: Estimation with Data from 1984Q1 to 2007Q4. |
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11. Robustness Check: 4 Variable VAR12 Robustness Check: The Reverse Ordering of the Baseline VAR System; 13 Robustness Check: Using 8 Lags instead of 4 Lags; Appendix A. Construction of the Sectoral Uncertainty Index; Table A1. Industrial Composition of the Sestoral Uncertainty Index. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Uncertainty -- Econometric models.
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Uncertainty -- Econometric models. |
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Uncertainty. |
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Unemployment -- Econometric models.
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Unemployment -- Econometric models. |
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Unemployment. |
| Genre/Form |
Electronic books.
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| Added Author |
Loungani, Prakash.
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| Other Form: |
Print version: Choi, Sangyup. Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels. Washington : International Monetary Fund, ©2015 |
| ISBN |
1498340784 |
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9781498340786 (electronic book) |
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