Measuring Macroeconomic Uncertainty to Brasil
The paper proposes estimating a macroeconomic measure of uncertainty to Brazil. The index was constructed based on the methodology of Jurado et al. (2015) used to build the same index for the US economy. We show that an increase in the uncertainty level leads to economic recessions. Moreover, the re...
| Main Authors: | , |
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| Format: | Article |
| Language: | Portuguese |
| Published: |
Universidade de São Paulo
2017-08-01
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| Series: | Economia Aplicada |
| Subjects: | |
| Online Access: | http://www.revistas.usp.br/ecoa/article/view/135146 |