Knowledge Management System of Institutes of Science and Development ,CAS
Uncovering the global network of economic policy uncertainty | |
Marfatia, Hardik; Zhao, Wan-Li; Ji, Qiang | |
发表期刊 | RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE |
摘要 | This study uncovers the static and dynamic network of economic policy uncertainty (EPU) across 17 developed and emerging economies. We build a centrality network using the minimal spanning tree (MST) as well as a dependency network using partial correlations. Results from the MST show that EPU exhibits some degree of geographical connections with EPUs in seven countries in the sample directly linked to the US EPU. Evidence from dynamic time-varying MST reveals that the nature and dominance of the EPU network have changed significantly over time. Further, the US and German EPUs dominate a close-knit global policy uncertainty network with the highest net (To and From) transmitter of information flow in the dependency network. Greece, Russia, and Brazil are the top three net receivers of information in the global network of EPU. The policy implication of these results relates to the renewed and ongoing international debate on policy coordination. |
2020 | |
卷号 | 53 |
DOI | 10.1016/j.ribaf.2020.101223 |
语种 | 英语 |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://ir.casisd.cn/handle/190111/9827 |
专题 | 中国科学院科技战略咨询研究院 |
推荐引用方式 GB/T 7714 | Marfatia, Hardik,Zhao, Wan-Li,Ji, Qiang. Uncovering the global network of economic policy uncertainty[J]. RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE,2020,53. |
APA | Marfatia, Hardik,Zhao, Wan-Li,&Ji, Qiang.(2020).Uncovering the global network of economic policy uncertainty.RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE,53. |
MLA | Marfatia, Hardik,et al."Uncovering the global network of economic policy uncertainty".RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE 53(2020). |
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