Economics Dictionary of ArgumentsHome
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| Market uncertainty: Market uncertainty in economics refers to the unpredictability of future market conditions. It arises from unknown or difficult-to-forecast factors like economic shifts, policy changes, technological advancements, or geopolitical events. This unpredictability makes it challenging for businesses to make informed decisions about investment, pricing, and production, potentially leading to reduced economic activity. See also Markets, Decision-making processes._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Dictionary of Arguments. | |||
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IMF Working Papers on Market Uncertainty - Dictionary of Arguments
Rieth I 3 Market Uncertainty/Boer/Rieth: (…) we document* similarities but also differences in the effects of level and uncertainty shocks to US trade policy. Protectionism: The impulse responses show that protectionist tariff shocks are more detrimental than trade policy uncertainty shocks. Tariffs: Tariff shocks depress imports and exports and weigh particularly on private investment. Trade policy: Trade policy uncertainty shocks reduce imports, too, but because they raise exports the output effects are modest. We quantify the average importance of the two shocks. Both are macroeconomically relevant but to different degrees. Tariff shocks are about twice as important. They explain close to 10% of the unexpected variation in US output, whereas trade policy uncertainty shocks account for 5%. >Trade policy, >Tariffs, >Tariff impacts, >International trade, >Free trade. * Lukas Boer and Malte Rieth (2024). The Macroeconomic Consequences of Import Tariffs and Trade Policy Uncertainty. IMF Working Paper 24/13. International Monetary Fund._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. "Vs" indicates differences in content, not necessarily the chronological progression of a controversy. If a German edition is specified, the page numbers refer to this edition. |
IMF Working Papers Rieth I Malte Rieth Lukas Boer The Macroeconomic Consequences of Import Tariffs and Trade Policy Uncertainty. IMF Working Paper 24/13. International Monetary Fund. Washington, D.C. 2024 |
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