Go to content
UR Home

Hump-shape Uncertainty, Agency Costs and Aggregate Fluctuations

Lee, Gabriel, Kevin, Salyer and Strobel, Johannes (2016) Hump-shape Uncertainty, Agency Costs and Aggregate Fluctuations. Working Paper.

[img]
Preview
PDF
Download (1MB)
Date of publication of this fulltext: 28 Sep 2016 09:14

Abstract

Previously measured uncertainty shocks using the U.S. data show a hump-shape time path: Uncertainty rises for two years before its decline. Current literature on the effects uncertainty on macroeconomics, including housing, has not accounted for this observation. Consequently, the literature on uncertainty and macroeconomics is divided on the effcts and the propagation mechanism of uncertainty on ...

plus


Export bibliographical data



Item type:Monograph (Working Paper)
Date:25 September 2016
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Immobilienökonomie (Prof. Dr. Gabriel Lee)
Business, Economics and Information Systems > Institut für Immobilienenwirtschaft / IRE|BS > Lehrstuhl für Immobilienökonomie (Prof. Dr. Gabriel Lee)
Projects:DFG: LE 1545/1-1
Classification:
NotationType
E4, E5, E2Journal of Economics Literature Classification
Keywords:agency costs; credit channel; hump-shaped uncertainty shocks; time-varying uncertainty.
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Unknown
Refereed:No, this version has not been refereed yet (as with preprints)
Created at the University of Regensburg:Yes
Item ID:34637
Owner only: item control page

Downloads

Downloads per month over past year

  1. Homepage UR

University Library

Publication Server

Contact:

Publishing: oa@ur.de

Dissertations: dissertationen@ur.de

Research data: daten@ur.de

Contact persons