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- URN to cite this document:
- urn:nbn:de:bvb:355-epub-322805
- DOI to cite this document:
- 10.5283/epub.32280
Alternative links to fulltext:DOI
Abstract
As uncertainty has become an increasingly prominent source of business cycle fluctuations, various uncertainty proxies have been proposed in the literature. This paper shows that uncertainty measures based on realized variables fluctuate more than the measures that are based on forecasts. More precisely, the variation in the realized cross-sectional standard deviation of profit growth and stock ...
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