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Title:The long-run effects of uncertainty shocks Author(s):BONCIANI, Dario
; OH, Joonseok 
Date:2019Type:Working PaperSeries/Number:Bank of England Staff; Working Paper; 2019/802Abstract:This paper argues that shocks increasing macroeconomic uncertainty negatively affect economic activity not only in the short but also in the long run. In a sticky-price DSGE model with endogenous growth through investment ...
; OH, Joonseok Date:2019Type:Working PaperSeries/Number:Bank of England Staff; Working Paper; 2019/802Abstract:This paper argues that shocks increasing macroeconomic uncertainty negatively affect economic activity not only in the short but also in the long run. In a sticky-price DSGE model with endogenous growth through investment ...