Macroeconomics and Volatility: Data, Models, and Estimation

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Uncertainty Shocks and Balance Sheet Recessions (2017, background): “The balance sheet channel in turn amplifies the hedging motive, inducing agents to take even more aggregate risk in a two-way 1The idea of balance sheet recessions goes back to Fisher [1933] and, more recently, Bernanke and Gertler [1989] and Kiyotaki and Moore [1997].”
Ambiguous Business Cycles (2014, unknown): “…and Rubio-Ramı́rez (2007), Justiniano and Primiceri (2008), Fernández-Villaverde et al. (2011), Basu and Bundick (2011) and the review in Fernández-Villaverde and Rubio-Ramı́rez (2010)), time-varying probability of aggregate disaster (Gourio (2012)) or at changes in…”
Partisan conflict and private investment (2015, unknown): “There exists a growing literature studying the effects of economic policy uncertainty on the aggregate economy (see, for example Bloom, 2009; Fernández-Villaverde and Rubio-Ramı́rez, 2010; FernándezVillaverde, Guerrón, Kuester, and Rubio-Ramı́rez, 2012, Stokey, 2013).”
The Impact of the Volatility of Monetary Policy Shocks (2013, methodology): “First, we can use likelihoodbased approaches, as described in Fernandez-Villaverde and Rubio-Ramirez (2010).”