Series: IMF Working Papers
Author(s): Daehaeng Kim , and Chul-In Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2007
Keywords: Economic Uncertainty, Government Size, Openness to Trade, Stabilization, Intersectoral Income Fluctuation, equation, terms of trade, external shocks, open economy, equations
Using the between-sector variation in income as a new measure of economic uncertainty, this paper proposes simple models and supportive empirical evidence for the causal relations between economic uncertainty and g...