Uncertainty before and during COVID-19: A survey.

Authors :: Castelnuovo E
Source :: Journal of economic surveys [J Econ Surv] 2022 Jun 16. Date of Electronic Publication: 2022 Jun 16.
Publication Year :: 2022
Publisher :: Ahead of Print
Abstract: This survey features three parts. The first one reviews the most recent literature on the relationship between domestic (i.e., country-specific) uncertainty and the business cycle, and offers ten main takeaways. The second part surveys contributions to the fast-growing strand of the literature that focuses on the macroeconomic effects of uncertainty spillovers and global uncertainty. The last part presents contributions on the role played by uncertainty during the COVID-19 pandemic.<br /> (© 2022 John Wiley & Sons Ltd.)