Policy uncertainty and consumption in G7 countries: An asymmetry analysis

International Economics - Tập 163 - Trang 101-113 - 2020
Mohsen Bahmani-Oskooee1, Majid Maki Nayeri1
1Center for Research on International Economics, The Department of Economics, University of Wisconsin-Milwaukee, Milwaukee, WI, 53201, USA

Tài liệu tham khảo

Aftab, 2017, Exchange-rate volatility and Malaysian-Thai bilateral industry trade flows, J. Econ. Stud., 44, 99, 10.1108/JES-05-2015-0091 Apergis, 2006, Consumption asymmetry and the stock market: empirical evidence, Econ. Lett., 93, 337, 10.1016/j.econlet.2006.06.002 Arize, 2017 Bahmani-Oskooee, 2019 Bahmani-Oskooee, 2019, Asymmetric effects of policy uncertainty on domestic investment in G7 countries, Open Econ. Rev., 30, 675, 10.1007/s11079-019-09523-z Bahmani-Oskooee, 2011, Exchange rate volatility and domestic consumption: a multicountry analysis, J. Post Keynes. Econ., 34, 319, 10.2753/PKE0160-3477340207 Bahmani-Oskooee, 2015, Does exchange rate volatility hurt domestic consumption? Evidence from emerging economies, International Economics, 144, 53, 10.1016/j.inteco.2015.05.002 Baker, 2016, Measuring economic policy uncertainty, Q. J. Econ., 131, 1593, 10.1093/qje/qjw024 Banks, 2001, Risk pooling, precautionary saving and consumption growth, Rev. Econ. Stud., 68, 757, 10.1111/1467-937X.00189 Benito, 2006, Does job insecurity affect household consumption?, Oxf. Econ. Pap., 58, 157, 10.1093/oep/gpi041 Bernanke, 1983, Irreversibility, uncertainty, and cyclical investment, Q. J. Econ., 98, 85, 10.2307/1885568 Bloom, 2009, The impact of uncertainty shocks, Econometrica, 77, 623, 10.3982/ECTA6248 Durmaz, 2015, Industry level J-curve in Turkey, J. Econ. Stud., 42–4, 689, 10.1108/JES-08-2013-0122 Gogas, 2015, Are there asymmetries in fiscal policy shocks?, J. Econ. Stud., 42, 303, 10.1108/JES-04-2013-0059 Guariglia, 2002, Consumption, habit formation, and precautionary saving: evidence from the British Household Panel Survey, Oxf. Econ. Pap., 54, 1, 10.1093/oep/54.1.1 Hahm, 1999, Consumption adjustment under time-varying income uncertainty, Rev. Econ. Stat., 81, 32, 10.1162/003465399767923791 Hajilee, 2019 Halicioglu, 2007 Menegatti, 2007, Consumption and uncertainty: a panel analysis in Italian Regions, Appl. Econ. Lett., 14, 39, 10.1080/13504850500425600 Menegatti, 2010, Uncertainty and consumption: new evidence in OECD countries, Bull. Econ. Res., 62, 227, 10.1111/j.1467-8586.2009.00316.x Miles, 1997, A household level study of the determinants of incomes and consumption, Econ. J., 1, 10.1111/1468-0297.00139 Nusair, 2016, The effects of oil price shocks on the economies of the Gulf Co- operation Council countries: nonlinear analysis, Energy Pol., 91, 256, 10.1016/j.enpol.2016.01.013 Pericoli, 2012, Family dissolution and precautionary savings: an empirical analysis, Rev. Econ. Househ., 10, 573, 10.1007/s11150-011-9127-4 Pesaran, 2001, Bounds testing approaches to the analysis of level relationships, J. Appl. Econom., 16, 289, 10.1002/jae.616 Shin, 2014, Modelling asymmetric cointegration and dynamic multipliers in a nonlinear ARDL framework, 281