BoE paper investigates uncertainty around elections
Elections help to isolate macroeconomic and financial uncertainty, author argues
Research published by the Bank of England has sought to isolate macroeconomic and financial uncertainty shocks, studying their effects on the business cycle.
Other research has studied the effects of uncertainty on the business cycle but has found that in typical periods of financial stress, both financial and macro uncertainty rise, making it hard to isolate the effects of one or the other.
In the working paper, Chris Redl makes use of elections to identify macro uncertainty shocks in 11
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