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American Economic Review· 2015Q1

Measuring Uncertainty

Kyle Jurado, Sydney C. Ludvigson, Serena Ng

Short summary

New econometric estimates of macroeconomic uncertainty reveal that popular proxies often misrepresent its true variation, with significant uncertainty episodes occurring less frequently but being more impactful.

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Field: General Economics, Econometrics and Finance

General Economics, Econometrics and FinanceEconomics, Econometrics and Finance