Trésor-Economics No. 111 - How should one assess short-term economic uncertainty?
Economic activity in the major European Union countries and the United States has been heavily affected on several occasions since 2008 by the decline in confidence among economic players. Uncertainty in the financial markets, measured by market volatility indexes or government-bond spreads, rose sharply in the summers of 2011 and 2012.In cyclical turnarounds, short-term economic growth is often h... Lire la suite