Beitrag zu Sammelwerk
The ifo Business Uncertainty Indicator
Stefan Sauer, Klaus Wohlrabe, Stefan Lautenbacher
ifo Institut, München, 2023
ifo Beiträge zur Wirtschaftsforschung / 100, 142-146
ifo Institut, München, 2023
ifo Beiträge zur Wirtschaftsforschung / 100, 142-146
Economic uncertainty is a much-discussed topic in politics, central banks, and macroeconomic
research. In the past decade, uncertainty has often been cited to explain the slowing of the
economy, for instance during the eurozone sovereign debt crisis, the Brexit negotiations,
the trade war between the US and China, and the war in Ukraine with its economic impacts.
Uncertainty can affect the economy through various channels. On the one hand, it can increase
risk premiums on financial markets and thus the cost of financing. On the other hand, higher
uncertainty can make households and firms more cautious and may cause them to postpone
decisions that are not easily reversed. If households are reluctant to buy durable consumer
goods, such as cars and furniture, and businesses postpone investments and new hires, overall
economic demand can be weakened.
Schlagwörter: ifo Business Survey, ifo Business Climate, business cycle indicators, survey methodology, education survey, expert surveys
JEL Klassifikation: C010, C530, C810, C830
Enthalten in Zeitschrift bzw. Sammelwerk
Monographie (Herausgeberschaft)
Handbook of ifo Surveys
Stefan Sauer, Moritz Schasching, Klaus Wohlrabe
ifo Institut, München, 2023
ifo Beiträge zur Wirtschaftsforschung / 100
ifo Institut, München, 2023
ifo Beiträge zur Wirtschaftsforschung / 100