The world uncertainty index and GDP growth rate
Finance Research Letters
; : 103137, 2022.
Article
in English
| ScienceDirect | ID: covidwho-1914410
ABSTRACT
Based on the content of the novel World Uncertainty Index (WUI), this paper examines whether the World Uncertainty Index has the predictability for the U.S. gross domestic product growth rate. Empirical results show that the information of WUI indices is able to predict GDP growth rate, especially the U.S. WUI indices such as USA WUI (frequency) and USA WUI (total number) indices. During the COVID-19 period, we find that all the WUI models can generate stronger forecasting ability for the GDP growth rate. Our paper tries to provide new evidence for predicting the GDP growth rate.
Full text:
Available
Collection:
Databases of international organizations
Database:
ScienceDirect
Language:
English
Journal:
Finance Research Letters
Year:
2022
Document Type:
Article
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