Credit intermediation and the transmission of macro-financial uncertainty: International evidence

Gächter, Martin; Geiger, Martin; Stöckl, Sebastian

doi:10.1016/j.jimonfin.2020.102152

Cited by 2 publications

(1 citation statement)

References 34 publications

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“…Therefore, the impact of economic policy uncertainty on the manufacturing industry may be non-linear, and the direction of the impact may also change. Previous studies have confirmed that the impact of economic policy uncertainty on some macroeconomic variables often has temporal differences in direction; for example, Gächter [60] found that the dependence of uncertainty on economic activities depends on the transmission of countries, and global uncertainty shocks can have adverse nonlinear effects on the macroeconomic system; at the same time, Caggiano [61] found that the Canadian unemployment rate reacted more strongly to the impact of the uncertainty of American economic policy during the Canadian economic depression through empirical research. Similarly, Li [62] believed that the impact of economic policy uncertainty on financial stability and the green bond in the long and short run may be different; that is, the impact of economic policy uncertainty on macroeconomic variables is time-varying.…”

Section: Hypothesesmentioning

confidence: 90%

Research on the Impact of Global Economic Policy Uncertainty on Manufacturing: Evidence from China, the United States, and the European Union

Bai

2023

Sustainability

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Events such as COVID-19 and the Russia–Ukraine conflict have significantly increased the uncertainty and volatility of global economic policies. In the context of economic globalization, the key question we investigate is whether global economic policy uncertainty will have different impacts on the manufacturing of the three major economies in China, the United States, and Europe Union. This study employs the time-varying parameter vector autoregressive (TVP-VAR) model to examine how global economic policy uncertainty (GEPU) affected manufacturing from March 2008 to March 2023. The empirical results show that the effects of GEPU are time varying; its short-term effects on Chinese manufacturing are slightly greater than its medium- and long-term effects, whereas its medium- and long-term effects on manufacturing in the United States (US) and European Union (EU) are significantly greater than its short-term effects. The impact of European debt crisis, the China–US trade war and Russia–Ukraine conflict on EU manufacturing is higher than that of China and the US, and the impact of the COVID-19 pandemic on China’s manufacturing is much smaller than that of the US and the EU; thus, Chinese manufacturing has a greater capacity for risk mitigation than US and EU manufacturing. This study not only provides a new perspective on the study of global economic policy uncertainty; it also provides new empirical evidence on how global economic policy uncertainty affects the manufacturing sector in China, the US and Europe and provides policymakers with guidance for decision making.

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Section: Hypothesesmentioning

confidence: 90%

Research on the Impact of Global Economic Policy Uncertainty on Manufacturing: Evidence from China, the United States, and the European Union

Bai

2023

Sustainability

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The role of a well-established food retail firm in Greek economy in the era of economic crisis

Zisoudis

Zafeiriou

Garefalakis

et al. 2022

JGR

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The economic crisis in Greece has provoked a number of financial problems in Greek firms in all sectors. High tax rates, low payments and in sequence low demand for goods and services are a few of the problems confronted by firms and consumers. Within the framework of the Memorandum, a number of different corporate efforts have become a cornerstone of economic recovery. An effective and critical factor for venture success has validated the networking along with entrepreneurial competencies (Kyrgidou Mylonas, Petridou, & Vacharoglou, 2021). The present work makes an effort with the assistance of visual tools and descriptive statistics to unveil the role of a retail market firm in the developing economy of Greece. Using an analytical presentation of financial and innovation initiatives in the retail market store chain of Masoutis and based on our findings we confirm a positive contribution to the country’s economic growth in a disproportionate rate to the country’s economic performance. The specific effect is attributed to the growth rates in employment, productivity and sales. Our findings are in line with Kyrgidou et al. (2021) since we implicitly confirm that well-organized initiatives concerning networking coupled with good marketing practices provide opportunities to firms for expansion, and efforts of this type may add value to the sector and the total economy opening the way to recovery from the economic crisis.

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Credit intermediation and the transmission of macro-financial uncertainty: International evidence

Abstract: The responsibility for the working papers lies with the respective authors.

Cited by 2 publications

References 34 publications

Research on the Impact of Global Economic Policy Uncertainty on Manufacturing: Evidence from China, the United States, and the European Union

Research on the Impact of Global Economic Policy Uncertainty on Manufacturing: Evidence from China, the United States, and the European Union

The role of a well-established food retail firm in Greek economy in the era of economic crisis

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