| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14253 |
| DP14253 The Global Impact of Brexit Uncertainty | |
| Tarek Hassan; Stephan Hollander; Laurence van Lent; Ahmed Tahoun | |
| 发表日期 | 2019-12-26 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We propose a text-based method for measuring and analyzing the international propagation of uncertainty shocks at the firm level. We apply this method to estimate the impact of Brexit-related uncertainty and find widespread reverberations on listed firms in 81 countries. International firms most exposed to Brexit uncertainty not only significantly lost market value but also reduced hiring and investments. In addition to Brexit uncertainty (the second moment), we find that international firms overwhelmingly expected negative direct effects from Brexit (the first moment). Most prominently, firms expected difficulties from regulatory divergence, reduced labor mobility, and limited trade access. |
| 主题 | Financial Economics ; International Macroeconomics and Finance ; Macroeconomics and Growth |
| 关键词 | Brexit Uncertainty Sentiment Machine learning Cross-country effects |
| URL | https://cepr.org/publications/dp14253-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543139 |
| 推荐引用方式 GB/T 7714 | Tarek Hassan,Stephan Hollander,Laurence van Lent,et al. DP14253 The Global Impact of Brexit Uncertainty. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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