Verfügbarkeit: The Impact of Uncertainty Shocks on the UK Economy

The Impact of Uncertainty Shocks on the UK Economy:

This paper quantifies the economic impact of uncertainty shocks in the UK using data that span the recent Great Recession. We find that uncertainty shocks have a significant impact on economic activity in the UK, depressing industrial production and GDP. The peak impact is felt fairly quickly at aro...

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1. Verfasser:	Denis, Stephanie (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2013
Schriftenreihe:	IMF Working Papers Working Paper No. 13/66
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper quantifies the economic impact of uncertainty shocks in the UK using data that span the recent Great Recession. We find that uncertainty shocks have a significant impact on economic activity in the UK, depressing industrial production and GDP. The peak impact is felt fairly quickly at around 6-12 months after the shock, and becomes statistically negligible after 18 months. Interestingly, the impact of uncertainty shocks on industrial production in the UK is strikingly similar to that of the US both in terms of the shape and magnitude of the response. However, unemployment in the UK is less affected by uncertainty shocks. Finally, we find that uncertainty shocks can account for about a quarter of the decline in industrial production during the Great Recession
Beschreibung:	1 Online-Ressource (24 p)
ISBN:	1475552696 9781475552690

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spelling	Denis, Stephanie Verfasser aut The Impact of Uncertainty Shocks on the UK Economy Denis, Stephanie Washington, D.C International Monetary Fund 2013 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/66 This paper quantifies the economic impact of uncertainty shocks in the UK using data that span the recent Great Recession. We find that uncertainty shocks have a significant impact on economic activity in the UK, depressing industrial production and GDP. The peak impact is felt fairly quickly at around 6-12 months after the shock, and becomes statistically negligible after 18 months. Interestingly, the impact of uncertainty shocks on industrial production in the UK is strikingly similar to that of the US both in terms of the shape and magnitude of the response. However, unemployment in the UK is less affected by uncertainty shocks. Finally, we find that uncertainty shocks can account for about a quarter of the decline in industrial production during the Great Recession Online-Ausg Kannan, Prakash Sonstige oth http://elibrary.imf.org/view/IMF001/20333-9781475552690/20333-9781475552690/20333-9781475552690.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Denis, Stephanie The Impact of Uncertainty Shocks on the UK Economy
title	The Impact of Uncertainty Shocks on the UK Economy
title_auth	The Impact of Uncertainty Shocks on the UK Economy
title_exact_search	The Impact of Uncertainty Shocks on the UK Economy
title_exact_search_txtP	The Impact of Uncertainty Shocks on the UK Economy
title_full	The Impact of Uncertainty Shocks on the UK Economy Denis, Stephanie
title_fullStr	The Impact of Uncertainty Shocks on the UK Economy Denis, Stephanie
title_full_unstemmed	The Impact of Uncertainty Shocks on the UK Economy Denis, Stephanie
title_short	The Impact of Uncertainty Shocks on the UK Economy
title_sort	the impact of uncertainty shocks on the uk economy
url	http://elibrary.imf.org/view/IMF001/20333-9781475552690/20333-9781475552690/20333-9781475552690.xml
work_keys_str_mv	AT denisstephanie theimpactofuncertaintyshocksontheukeconomy AT kannanprakash theimpactofuncertaintyshocksontheukeconomy

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