| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26609 |
| 来源ID | Working Paper 26609 |
| The Global Impact of Brexit Uncertainty | |
| Tarek Alexander Hassan; Stephan Hollander; Laurence van Lent; Ahmed Tahoun | |
| 发表日期 | 2020-01-06 |
| 出版年 | 2020 |
| 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 | Microeconomics ; Economics of Information ; Macroeconomics ; Consumption and Investment ; Business Cycles ; Fiscal Policy ; International Economics ; Financial Economics ; Financial Markets ; Corporate Finance ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w26609 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584282 |
| 推荐引用方式 GB/T 7714 | Tarek Alexander Hassan,Stephan Hollander,Laurence van Lent,et al. The Global Impact of Brexit Uncertainty. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26609.pdf（1196KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
