Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: Measuring Macroeconomic Uncertainty: The Labor Channel of Uncertainty
  from a Cross-Country Perspective   This paper constructs internationally consistent measures of macroeconomic
uncertainty. Our econometric framework extracts uncertainty from revisions in
data obtained from standardized national accounts. Applying our model to
post-WWII real-time data, we estimate macroeconomic uncertainty for 39
countries. The cross-country dimension of our uncertainty data allows us to
study the impact of uncertainty shocks under different employment protection
legislation. Our empirical findings suggest that the effects of uncertainty
shocks are stronger and more persistent in countries with low employment
protection compared to countries with high employment protection. These
empirical findings are in line with a theoretical model under varying firing
cost.

4
The categories of this paper are: cond-mat
32
The categories of this paper are: atom-ph
24
The categories of this paper are: dg-ga
0
The categories of this paper are: hep-ph
12
The categories of this paper are: nucl-th
19
The categories of this paper are: eess
9
The categories of this paper are: nlin
2
The categories of this paper are: math
6
The categories of this paper are: astro-ph
8
The categories of this paper are: hep-ex
30
The categories of this paper are: q-alg
26
The categories of this paper are: bayes-an
25
The categories of this paper are: patt-sol
16
The categories of this paper are: stat
11
The categories of this paper are: hep-lat
36
The categories of this paper are: cmp-lg