| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965516 | Journal of Macroeconomics | 2012 | 13 Pages |
Abstract
⺠US macroeconomic response pattern to stock market volatility shocks has changed. ⺠Negative response of GDP growth to such shocks has become smaller over time. ⺠Negative response of consumption growth has vanished. ⺠Negative response of investment growth has remained. ⺠Increasing role of stock market volatility for investment in variance decomposition.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Roel Beetsma, Massimo Giuliodori,