[STBI-20200116] Measuring the Macroeconomic Impact of Uncertainty
You are cordially invited to the next STBI seminar.
Topic: Measuring the Macroeconomic Impact of Uncertainty
Presenter: Tran Trung Duc (School of Economics, University of Sydney)
Time: 11:00 – Thursday, 16 January, 2020
Venue: Room H.001, Campus H, UEH School of Economics, 1A Hoang Dieu, Phu Nhuan District, Ho Chi Minh City
Abstract: Uncertainty is broadly defined as an unknown situation about the future.Recently, heightened macroeconomic uncertainty is seen as a major driver behind the Great Recession and also the European Debt Crisis. In fact, uncertainty is not directly observable in the real world. Empirical studies have to provide measures of uncertainty to study the role of uncertainty in driving the business cycle. This talk will: (i) provide a brief on the macroeconomic effects of uncertainty shocks and (ii) show that the use of Google search data can provide real-time and easily accessible construct measures of uncertainty that allows us to quantify the macroeconomic impact of uncertainty.
About the presenter: Dr. Trần Trung Đức is a Research Fellow in the School of Economics at the University of Sydney. His research interests are in the field of macro-econometrics.