Uncertainty shocks and financial crisis indicators

Saved in:

Authors and Corporations:

Hristov, Nikolay (Author), Roth, Markus (Author)

Other Authors:

Roth, Markus [Author]

Type of Resource:

E-Book

Language:

English

published:

Frankfurt am Main Deutsche Bundesbank [2019]

Series:

Subjects:

uncertainty

crisis indicators

structural macroeconomic shocks

signrestrictions

Graue Literatur

Source:

Verbunddaten SWB
Lizenzfreie Online-Ressourcen

ISBN:

9783957296313

Description
Summary:	The current paper broadens the understanding for the role of uncertainty in the context of a macroeconomic environment. It focuses on the implications of uncertainty shocks on indicators that tend to precede financial crises. In an empirical analysis we show for a set of four euro area countries that negative uncertainty shocks, while accompanied by favorable effects to economic activity, are followed by unfavorable reactions of financial crisis indicators. We conclude that uncertainty indicators contain some useful information on the potential buildup of vulnerabilities in the financial system.
Physical Description:	1 Online-Ressource (circa 37 Seiten); Illustrationen
ISBN:	9783957296313