International spillovers of policy uncertainty. Klößner, S. & Sekkel, R. Economics Letters.
International spillovers of policy uncertainty [link]Paper  doi  abstract   bibtex   
Using the Baker et al. (2013) index of policy uncertainty for six developed countries, this paper estimates spillovers of policy uncertainty. We find that spillovers account for slightly more than one fourth of the dynamics of policy uncertainty in these countries, with this share rising to one half during the financial crisis. The U.S. and U.K. are responsible for a large fraction of the spillovers since the financial crisis, while the remaining countries are all net receivers of policy uncertainty shocks during and after this period.
@article{klosner_international_????,
	title = {International spillovers of policy uncertainty},
	issn = {0165-1765},
	url = {http://www.sciencedirect.com/science/article/pii/S0165176514002705},
	doi = {10.1016/j.econlet.2014.07.015},
	abstract = {Using the Baker et al. (2013) index of policy uncertainty for six developed countries, this paper estimates spillovers of policy uncertainty. We find that spillovers account for slightly more than one fourth of the dynamics of policy uncertainty in these countries, with this share rising to one half during the financial crisis. The U.S. and U.K. are responsible for a large fraction of the spillovers since the financial crisis, while the remaining countries are all net receivers of policy uncertainty shocks during and after this period.},
	urldate = {2014-08-08},
	journal = {Economics Letters},
	author = {Klößner, Stefan and Sekkel, Rodrigo},
	keywords = {Connectedness, Crisis transmission, Policy uncertainty, Spillovers},
	file = {ScienceDirect Full Text PDF:files/49587/Klößner and Sekkel - International spillovers of policy uncertainty.pdf:application/pdf;ScienceDirect Snapshot:files/49588/S0165176514002705.html:text/html}
}
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