Uncertainty Shocks in a Model of Effective Demand

Susanto Basu, Brent Bundick

NBER Working Paper No. 18420
Issued in September 2012

---- Acknowledgements -----

We thank Robert Barro, Nick Bloom, David Chapman, Fabio Ghironi, Liam Graham, Cosmin Ilut, Taisuke Nakata, Julio Rotemberg and Christina Wang for helpful discussions, and seminar participants at the Federal Reserve Bank of Boston, Boston College, the conference on Labor Market Institutions and the Macroeconomy, the European Central Bank, the 2011 SCE Conference on Computing in Economics and Finance, the 2011 NBER Summer Institute, the Boston University and Boston Fed Conference on Macro-Financial Linkages, the Philadelphia Fed and NBER Workshop on Methods and Applications of DSGE Models, the Fall 2011 NBER Monetary Economics Program Meeting, Columbia University, the Federal Reserve Bank of New York, the Central Bank of Chile, and the Federal Reserve Board for comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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