Luis Uzeda - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T04:41:29+00:00Sectoral Uncertainty
https://www.bankofcanada.ca/2022/09/staff-working-paper-2022-38/
We propose a new empirical framework that jointly decomposes the conditional variance of economic time series into a common and a sector-specific uncertainty component. We apply our framework to a disaggregated industrial production series for the US economy. We identify unexpected changes in durable goods uncertainty as drivers of downturns, while unexpected hikes in non-durable goods uncertainty are expansionary.2022-09-09T10:36:10+00:00enSectoral Uncertainty2022-09-09Business fluctuations and cyclesEconometric and statistical methodsMonetary policy and uncertaintyStaff Working Paper 2022-38https://www.bankofcanada.ca/wp-content/uploads/2022/09/swp2022-38.pdfSectoral UncertaintyEfrem CastelnuovoKerem TuzcuogluLuis UzedaSeptember 2022CC5C51C55EE3E32E4E44