Recently there has been a resurgence of interest in the study of optimal monetary policy under uncertainty. This book …

settings in many countries are projected to lead to unsustainable levels of public debt; Tax Policy and Uncertainty explores … models that allow for feedbacks and uncertainty to combat this. Applicable to any country, the models in the book explore the … focusing on fiscal policy will appreciate the improved models in this book that allow both for uncertainty and feedback effects …

, financial imperfections and uncertainty. After reviewing the capital market imperfections literature and the empirical results …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They … present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of …

extension to the standard neo-classical economic tools. Capital and Uncertainty is a non-mathematical text, modernizing and … adding to the existing thought in this area, with insights from game theory, rational choice under uncertainty and new …

uncertainty and risk aversion which resolves problems left unsolved by Keynes in a manner consistent with his work. Keynes … neoclassical theory to deal with uncertainty and risk aversion is based upon a string of assumptions which are empirically false …

, poverty, resource degradation and decision-making under uncertainty. The book explores the allocation of resources in jointly …-dependent economies. The final part considers the way that decision makers handle the uncertainty that is an integral feature of the …

Despite their common emphasis upon uncertainty as a key economic variable, Frank Knight and John Maynard Keynes viewed … role in ensuring the smooth operation of a system of otherwise free markets. Ethics and Uncertainty explores how two … economists, who both placed 'uncertainty' at the heart of their economic theories, come to drastically different and opposing …