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Author: Max Floetotto
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We propose uncertainty shocks as a new shock that drives business cycles. First, we demonstrate that microeconomic uncertainty is robustly countercyclical, rising sharply during recessions, particularly during the Great ...Read more...
Nicholas Bloom, Max Floetotto, Nir Jaimovich, Itay Saporta-Eksten and Stephen Terry
1 March 2013
Nick Bloom and Max Floetotto report that key measures of uncertainty have dropped so rapidly that growth will resume in late 2009....Read more...
Nicholas Bloom and Max Floetotto
March 2009