01819cas a2200253 a 4500 AALejournalIMF014939 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475552515 1018-5941 BD-DhAAL BD-DhAAL Ghosal, Vivek. Uncertainty and the Employment Dynamics of Small and Large Businesses / Vivek Ghosal, Yang Ye. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (49 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S and P500 stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment, and the effects are primarily felt by the relatively smaller businesses; the impact on large businesses are generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we need to focus on the relatively smaller and entrepreneurial businesses. We discuss implications for the framing of economic policy. Mode of access: Internet Ye, Yang. IMF Working Papers; Working Paper ; No. 2015/004 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/004/001.2015.issue-004-en.xml IMF e-Library