Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels

Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels
We study the role of uncertainty shocks in explaining unemployment dynamics, separatingout the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of1957 to third quarter of 2014, we construct separate indices to measure aggregate andsectoral uncertainty and compare their effects on the unemployment rate in a... READ MORE...

Publication date: February 2015
ISBN 9781498356305
$18.00

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