Examinando por Materia "Riesgo (Economía)"
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Publicación Acceso abierto Non-Asset-Market Uncertainty(Universidad del Valle, 2020) Padilla Sepulveda, Juan Felipe; Uribe Gil, Jorge MarioI propose a monthly index of non-asset-market uncertainty. The index is constructed through an approximate dynamic factor model with several main uncertainty indices as data. This strategy reduces extreme movements in the level of uncertainty, which is more appealing with theory. Likewise, I compare the new index with indicators of uncertainty and estimate the impact of an uncertainty shock on the dynamics of macroeconomic and financial variables.