Really Uncertain Business Cycles

By Nicholas Bloom, Max Floetotto, Nir Jaimovich, Itay Saporta-Eksten, Stephen J. Terry. 2012

1,534 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a57ec5897b05262a8f2b0d897686dcda7e670adb

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Citations in the corpus

What Drives Differences in Management Practices? (2019, background): “6 For more details about the relevant variables from the BLS and BEA tables, see the appendix to Bloom et al. (2018).”
Bank Leverage Cycles (2017, positive): “5See e.g. Curdia (2007), Christiano, Motto and Rostagno (2010), Gilchrist, Sim and Zakrajsek (2010), Bloom (2009), Bloom et al. (2011) and Arellano, Bai and Kehoe (2012).”
Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence (2012, positive): “…Campbell and Mankiw 1989, Cochrane 1988, Cogley 1990, and Aguiar and Gopinath 2007) and variation in the volatility of output growth (McConnell and Perez-Quiros 2000, Stock and Watson 2002, Bloom 2009, Ursúa 2011, Bloom et al. 2012, Fernández-Villaverde et al. 2011, and Basu and Bundick 2012).”
The Nature of Countercyclical Income Risk (2014, background): “In a related context, Brav et al. (2002) found that accounting for the countercyclical skewness of individual consumption growth helps generate a high equity premium with a reasonable risk aversion parameter.”
Global House Price Fluctuations: Synchronization and Determinants (2012, neutral): “Uncertainty shocks account for about one- third of business cycle variation in advanced economies and up to half of cyclical volatility in emerging market countries, implying that these shocks play a sizable role in driving the dynamics of recessions and expansions (Bloom et al. 2012; Baker and Bloo”
Measuring Geopolitical Risk (2018, background): “The decline in investment and hours in the wake of a GPR shock is broadly consistent both with models that emphasize the contractionary effects of future negative news about the future—as in Beaudry and Portier (2006) and Jaimovich and Rebelo (2009)—and with models where recessions are driven by sho”
Uncertainty and Currency Crises: Evidence from Survey Data (2010, background): “3 More recently, Bloom, Floetotto, and Jaimovich (2009) have documented that un- certainty, as measured by the volatility of several micro and macro economic variables, is countercyclical.”
Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination (2016, positive): “…they focus on single-agent decision problems, thus precluding a meaningful distinction between the two types of uncertainty.16 When Bloom (2009), Bloom et al. (2014), and Arellano, Bai and Kehoe (2012) study the role of “uncertainty shocks”, or when Jaimovich and Rebelo (2009), Christiano et…”
Credit Shocks and Aggregate Fluctuations in an Economy with Production Heterogeneity (2011, neutral): “…across large, unconstrained firms falls, with the contrasting rise 27 Our increased dispersion in production is consistent with evidence from Bloom, Floetotto, and Jaimovich ð2009Þ that various measures of firm-level dispersion rise during recessions. in the economywide average driven…”