economic uncertaintyChinanewspaperGranger causalitynonlinear causalityThis study develops a new economic uncertainty (EU) index based on Chinese newspapers by addressing the media coverage bias of existing measures. The developedPan, Wei-FongWang, Xinjie...
Economic Policy Uncertainty in China and Stock Market Expected Returns We investigate the impact of China's economic policy uncertainty (EPU) on the time series variation of Chinese stock market expected returns. Using the new... J Chen,F Jiang,G Tong - 《Ssrn Electronic Journal》 被引量: 35...
We develop a new index of economic policy uncertainty (EPU) based on newspaper coverage frequency. Several types of evidence – including human readings of 12,000 newspaper articles – indicate that our index proxies for movements in policy-related economic uncertainty. Our US index spikes near tig...
Our index averages several components that reflect the frequency of news media references to economic policy uncertainty, the number of federal tax code provisions set to expire in future years, and the extent of forecaster disagreement over future inflation and federal government purchases. The ...
Measuring Inflation Forecast Uncertainty. Looking across a range of statistical models, we consider the likely path of future inflation and the uncertainty surrounding the models' predictions. The ... Knotek,II,Edward,... - 《Economic Commentary》 被引量: 8发表: 2015年 Measuring the uncertainty ...
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For our Twitter sentiment series, we draw upon the Twitter Economic Uncertainty (Baker et al., 2021), which quantifies the usage of economic uncertainty-related words in tweets. It is important to note that our sentiment series encompass a comprehensive range of topics. Therefore, they should ...
economic uncertainty, policy uncertainty, business cycles Acknowledgements: We thank Matt Gentzkow, Kevin Hassett, Greg Ip, John Makin, Johannes Pfeifer, Itay Saporta, Sam Schulhofer-Wohl, Jesse Shapiro, Erik Sims, Stephen Terry and many seminar and conference audiences for comments. We thank Sophie...
that measure three aspects of economic policy uncertainty: (i) the frequency of references to economic uncertainty and policy in 10 leading newspapers; (ii) the number of federal tax code provisions set to expire in future years; and (iii) the extent of disagreem ent ...
In the political economy literature, institutions are devised to establish order and reduce uncertainty in economic exchange (Greif,1989).Footnote1Furthermore, Acemoglu and Robinson (2012) distinguished between extractive and inclusive political and economic institutions. Inclusive economic institutions are ...