The State‐Level Impact of Uncertainty Shocks

B-Tier
Journal: Journal of Money, Credit, and Banking
Year: 2018
Volume: 50
Issue: 8
Pages: 1879-1899

Authors (3)

HAROON MUMTAZ (not in RePEc) LAURA SUNDER‐PLASSMANN (not in RePEc) ANGELIKI THEOPHILOPOULOU (Brunel University London)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper estimates the impact of uncertainty shocks on real income growth in U.S. states. Our results suggest that the effect is heterogeneous. The magnitude of the decline in income is largest in states with a large share of manufacturing and construction industries, a larger share of small firms, a high fiscal deficit, a less rigid labor market, and a more volatile housing market. In contrast, a higher share of mining industries and larger intergovernmental fiscal transfers ameliorate the impact of uncertainty.

Technical Details

RePEc Handle
repec:wly:jmoncb:v:50:y:2018:i:8:p:1879-1899
Journal Field
Macro
Author Count
3
Added to Database
2026-01-29