Arbeitspapier
The global effects of Covid-19-induced uncertainty
We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world industrial production to simulate the effects of the jump in financial uncertainty observed in correspondence of the Covid-19 outbreak. We predict the cumulative loss in world output one year after the uncertainty shock due to Covid-19 to be about 14%.
- ISBN
-
978-952-323-332-4
- Language
-
Englisch
- Bibliographic citation
-
Series: Bank of Finland Research Discussion Papers ; No. 11/2020
- Classification
-
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Business Fluctuations; Cycles
- Subject
-
Covid-19
Financial Uncertainty
Vector AutoRegressions
GlobalÖnancial cycle
World industrial production
- Event
-
Geistige Schöpfung
- (who)
-
Caggiano, Giovanni
Castelnuovo, Efrem
Kima, Richard
- Event
-
Veröffentlichung
- (who)
-
Bank of Finland
- (where)
-
Helsinki
- (when)
-
2020
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Caggiano, Giovanni
- Castelnuovo, Efrem
- Kima, Richard
- Bank of Finland
Time of origin
- 2020
Other Objects (12)
Global uncertainty
Inflationary household uncertainty shocks
Inflationary household uncertainty shocks
Measuring household uncertainty in EU countries
The real effects of overconfidence and fundamental uncertainty shocks
Euro area business confidence and Covid-19
Real time uncertainty in fiscal planning and debt accumulation in the euro area
Relevance of uncertainty on the volatility and trading volume in the US Treasury bond futures market
European household and business expectations during COVID-19: Towards a v-shaped recovery in confidence?
A global house price pubble? Evaluation based on a new rent-price approach
When uncertainty decouples expected and unexpected losses
Belief polarization and Covid-19
Global uncertainty
Inflationary household uncertainty shocks
Inflationary household uncertainty shocks
Measuring household uncertainty in EU countries
The real effects of overconfidence and fundamental uncertainty shocks
Euro area business confidence and Covid-19
Real time uncertainty in fiscal planning and debt accumulation in the euro area
Relevance of uncertainty on the volatility and trading volume in the US Treasury bond futures market
European household and business expectations during COVID-19: Towards a v-shaped recovery in confidence?
A global house price pubble? Evaluation based on a new rent-price approach
When uncertainty decouples expected and unexpected losses
Belief polarization and Covid-19
Global uncertainty
Inflationary household uncertainty shocks
Inflationary household uncertainty shocks
Measuring household uncertainty in EU countries
The real effects of overconfidence and fundamental uncertainty shocks
Euro area business confidence and Covid-19
Real time uncertainty in fiscal planning and debt accumulation in the euro area
Relevance of uncertainty on the volatility and trading volume in the US Treasury bond futures market
European household and business expectations during COVID-19: Towards a v-shaped recovery in confidence?
A global house price pubble? Evaluation based on a new rent-price approach
When uncertainty decouples expected and unexpected losses