Uncertainty, risk-taking, and the business cycle in Germany what's wrong with modern macroeconomics?

This article investigates the business cycle behaviour of measures of perceived uncertainty and financial risk premia in Germany over the past two decades. Both the perceived uncertainty and the financial risk premia are highly countercyclical and may therefore amplify and propagate the transmission...

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Veröffentlicht in:CESifo GmbH CESifo economic studies
1. Verfasser: Popescu, Adina (VerfasserIn)
Weitere Verfasser: Smets, Frank (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 2010
Schlagworte:
Risiko > Konjunktur > Konjunkturtheorie > Aufsatz in Zeitschrift
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