Anthony M Diercks
Biographic Data
| ID | 5868620 |
|---|---|
| NAME | Anthony M Diercks |
| GIVEN NAMES | Anthony M |
| FAMILY NAME | Diercks |
| SIGNATURE | DIERCKS A M |
| AFFILIATIONS | Federal Reserve Board of Governors |
| ORCID | 0000-0001-9494-5352 |
| VERIFIED | Yes |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2023 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 0 |
When It Rains It Pours
The effects of uncertainty shocks are superadditive. On the basis of local projections, we find that the combination of nearby positive shocks can be multiple times more powerful than the sum of their stand-alone effects. In a standard New Keynesian dynamic stochastic general equilibrium model, uncertainty shocks are proven to be superadditive only when the model is solved under fourth- (or higher-)order perturbation. The fourth-order solution un…
No prominent works on this page.
When It Rains It Pours
The effects of uncertainty shocks are superadditive. On the basis of local projections, we find that the combination of nearby positive shocks can be multiple times more powerful than the sum of their stand-alone effects. In a standard New Keynesian dynamic stochastic general equilibrium model, uncertainty shocks are proven to be superadditive only when the model is solved under fourth- (or higher-)order perturbation. The fourth-order solution un…
Basis (linear algebra (1 work) · Econometrics (1 work) · Economic theories and models (1 work) · Economics (1 work) · Market Dynamics and Volatility (1 work) · Mathematical economics (1 work) · Mathematics (1 work) · Monetary Policy and Economic Impact (1 work) · Order (exchange (1 work) · Perturbation (astronomy (1 work)