consumption. We investigate the robustness of these results to model uncertainty using Bayesian model averaging. We find that … there is model uncertainty with regard to the number of cointegrating vectors, the form of deterministic components, lag … length, and whether the cointegrating residuals affect consumption and income directly. Whether this uncertainty has …

analyze the relationship between expected inflation, disagreement, and uncertainty. We extend previous studies through our … data construction and estimation methodology. Specifically, we derive measures of disagreement and uncertainty by using a … propositions that disagreement is a useful proxy for uncertainty and that increases in expected inflation are accompanied by …