the rates and directions of technological change may interact with environmental policies in the presence of uncertainty … ignoring uncertainty could lead to inefficient and biased technology-policy recommendations for the future. …

damages influence the choice of taxes or quotas. Much of the literature concerning uncertainty and learning about damages from … stock externalities such as climate change assumes that the uncertainty will eventually be resolved. These papers focus on … uncertainty, ignoring the possible impact of the regulator's optimal decisions on the learning process. Passive learning is …

optimally estimated. Third, the implications of potential output uncertainty for the optimal delegation to an independent …

This paper develops and simulates a three-period life-cycle model with aggregate uncertainty. The model incudes a … market in risk-free bonds. The paper studies how uncertainty in fiscal policy affects welfare, the equity premium, risk …

policy rules, that is, the performance of policy rules when a single element of the rule is misspecified or malfunctioning …