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- Title
Uncertainty in a model with credit frictions.
- Abstract
A summary of the 2014 research paper "Working Paper No. 496" written by banking personnel Emilio Fernandez-Corugedo and Ambrogio Cesa-Bianchi for Great Britain's central bank, the Bank of England is presented. Topics discussed include the relationship between economic activities and economic uncertainty in Great Britain, the definition of uncertainty based on macroeconomic fluctuations, and the effects of micro uncertainty shocks on gross domestic product (GDP).
- Subjects
WORKING papers; FERNANDEZ-Corugedo, Emilio; CESA-Bianchi, Ambrogio; CENTRAL banking industry; ECONOMIC activity; MACROECONOMICS
- Publication
Bank of England Quarterly Bulletin, 2014, Vol 54, Issue 2, p247
- ISSN
0005-5166
- Publication type
Article