The State-Level Impact of Uncertainty Shocks

Publikation: Bidrag til tidsskriftTidsskriftartikelfagfællebedømt

Standard

The State-Level Impact of Uncertainty Shocks. / Mumtaz, Haroon; Sunder-Plassmann, Laura; Theophilopoulou, Angeliki.

I: Journal of Money, Credit and Banking, Bind 50, Nr. 8, 05.06.2018, s. 1879-1899.

Publikation: Bidrag til tidsskriftTidsskriftartikelfagfællebedømt

Harvard

Mumtaz, H, Sunder-Plassmann, L & Theophilopoulou, A 2018, 'The State-Level Impact of Uncertainty Shocks', Journal of Money, Credit and Banking, bind 50, nr. 8, s. 1879-1899. https://doi.org/10.1111/jmcb.12509

APA

Mumtaz, H., Sunder-Plassmann, L., & Theophilopoulou, A. (2018). The State-Level Impact of Uncertainty Shocks. Journal of Money, Credit and Banking, 50(8), 1879-1899. https://doi.org/10.1111/jmcb.12509

Vancouver

Mumtaz H, Sunder-Plassmann L, Theophilopoulou A. The State-Level Impact of Uncertainty Shocks. Journal of Money, Credit and Banking. 2018 jun. 5;50(8):1879-1899. https://doi.org/10.1111/jmcb.12509

Author

Mumtaz, Haroon ; Sunder-Plassmann, Laura ; Theophilopoulou, Angeliki. / The State-Level Impact of Uncertainty Shocks. I: Journal of Money, Credit and Banking. 2018 ; Bind 50, Nr. 8. s. 1879-1899.

Bibtex

@article{6d29e0cd228d4083846d335fc100d6b4,
title = "The State-Level Impact of Uncertainty Shocks",
abstract = "This paper estimates the impact of uncertainty shocks on real income growth in U.S. states. Our results suggest that the effect is heterogeneous. The magnitude of the decline in income is largest in states with a large share of manufacturing and construction industries, a larger share of small firms, a high fiscal deficit, a less rigid labor market, and a more volatile housing market. In contrast, a higher share of mining industries and larger intergovernmental fiscal transfers ameliorate the impact of uncertainty.",
keywords = "Faculty of Social Sciences, C15,C32, E32, FAVAR, stochastic volatility, uncertainty shocks, regional effects",
author = "Haroon Mumtaz and Laura Sunder-Plassmann and Angeliki Theophilopoulou",
year = "2018",
month = jun,
day = "5",
doi = "10.1111/jmcb.12509",
language = "English",
volume = "50",
pages = "1879--1899",
journal = "Journal of Money, Credit and Banking",
issn = "0022-2879",
publisher = "Wiley",
number = "8",

}

RIS

TY - JOUR

T1 - The State-Level Impact of Uncertainty Shocks

AU - Mumtaz, Haroon

AU - Sunder-Plassmann, Laura

AU - Theophilopoulou, Angeliki

PY - 2018/6/5

Y1 - 2018/6/5

N2 - This paper estimates the impact of uncertainty shocks on real income growth in U.S. states. Our results suggest that the effect is heterogeneous. The magnitude of the decline in income is largest in states with a large share of manufacturing and construction industries, a larger share of small firms, a high fiscal deficit, a less rigid labor market, and a more volatile housing market. In contrast, a higher share of mining industries and larger intergovernmental fiscal transfers ameliorate the impact of uncertainty.

AB - This paper estimates the impact of uncertainty shocks on real income growth in U.S. states. Our results suggest that the effect is heterogeneous. The magnitude of the decline in income is largest in states with a large share of manufacturing and construction industries, a larger share of small firms, a high fiscal deficit, a less rigid labor market, and a more volatile housing market. In contrast, a higher share of mining industries and larger intergovernmental fiscal transfers ameliorate the impact of uncertainty.

KW - Faculty of Social Sciences

KW - C15,C32

KW - E32

KW - FAVAR

KW - stochastic volatility

KW - uncertainty shocks

KW - regional effects

U2 - 10.1111/jmcb.12509

DO - 10.1111/jmcb.12509

M3 - Journal article

VL - 50

SP - 1879

EP - 1899

JO - Journal of Money, Credit and Banking

JF - Journal of Money, Credit and Banking

SN - 0022-2879

IS - 8

ER -

ID: 198655667