ECONOMIC SHOCKS: THEIR NATURE AND THE IMPORTANCE OF INCORPORATING THEM INTO ECONOMIC GROWTH ANALYSIS
DOI:
https://doi.org/10.5281/zenodo.23280418Abstract
This article examines the nature and essence of economic shocks, their underlying causes, and the mechanisms through which they influence economic growth. The effects of economic shocks on economic growth are comprehensively analysed in relation to key macroeconomic indicators, economic activity, investment, consumption, foreign trade, and financial stability. Furthermore, the study provides an empirical assessment of the effects of monetary shocks on the economy of the Republic of Uzbekistan in recent years.Keywords
economic shocks, monetary shocks, economic growth, impulse response function (IRF), macroeconomic stability, external shocks, internal shocks, financial crisis, inflation, exchange rate, investment, gross domestic product (GDP), economic cycle, foreign trade, economic stability, economic policy, economic resilienceReferences
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