policy maker; or when more than one union interacts with monopolistic competitors in the goods market and a policymaker. We …

policy maker; or when more than one union interacts with monopolistic competitors in the goods market and a policymaker. We …

in capital price and levels of aggregate investment and output. I present a model economy where the industry-level policy …-related investment cost is uncertain. Holding the average one-period investment cost constant, policy uncertainty leads to a higher … capital price and subsequently to lower levels of long-run aggregate investment and output. Policy uncertainty also makes …