Why is Micro Evidenceon the Effects of Uncertainty Not Replicated in Macro Data? /
This study investigates the relationship between uncertainty and investment using U.K. data at different levels of aggregation. Motivated by a comparative econometric analysis using a firm-level panel and aggregate time-series data, we analyze the implications of aggregating nonlinear microeconomic...
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2005/158 |
| Accés en línia: | Full text available on IMF |