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The Production Process Drives Fluctuations in Output and Uncertainty

Throckmorton, Nathaniel
; 
Atkinson, Tyler
; 
Plante, Michael D.
; 
Richter, Alexander W.
Abstract
If economic developments drive most of the changes in uncertainty—rather than the reverse—then the direct effect of a change in uncertainty on economic activity is much smaller than previous research has shown.
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2020-06-30
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Federal Reserve Bank of Dallas
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Economics
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uncertainty.pdf
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https://scholarworks.wm.edu/handle/internal/19639
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