The role that Bernanke’s Bad News Principle plays in the modern theory of investment under uncertainty is analyzed. The …

focuses on the uncertainty of future returns and on uncertainty preferences, instead. Based on the Hayekian idea of the … uncertainty. This result will be derived for a production process characterized by complete vertical integration and one which is …

. Uncertainty on central bank's preferences induces unions to reduce wages but also produces a fully-anticipated expansionary fiscal …

) uncertainty. In this context, the “symbiosis assumption”, i.e. fiscal and monetary policy share the same ideal targets, no longer …

From the model of Hobijn and Jovanovic (2001), we modelize a technological shock with uncertainty. We assume that this … technological shock appears in the shape of new firms. Only a part of these firms will be productive. Uncertainty relates to the … identification of the viable firms. This uncertainty decreases with the time and the diffusion of fundamentalist information that …

This paper re-examines the effects of inflation and exchange rate uncertainty on real economic activity. The existent … literature has treated both issues as separate subject matters. It has emphasized either the issue of inflation uncertainty or … exchange rate uncertainty on economic growth or on different measures of economic activity. This paper attempts dealing with …

We give the reader a tour of good energy optimization models that explicitly deal with uncertainty. The uncertainty …