About this document
Cesifo1 wp10062 by givotab719 is a document available to read on EtoBox.
This paper employs a mixed-frequency quantile regression approach to enhance the predictive power of US real GDP growth by incorporating monthly financial data. It finds that unexpected increases in uncertainty lead to greater left skewness and a downturn in economic activity, with skewness amplifying the recessionary effects of uncertainty shocks. The study emphasizes the importance of using high-frequency financial information to accurately model the conditional distribution of GDP growth and its implicat
- Author
- givotab719
- Language
- EN