-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude … is comparable to numeric models used in policy advising. Uncertainty surrounding climate change remains large. The closed …, distributional moments, and the climatic shadow values. Welfare gains from reducing uncertainty about temperature feedbacks are much …

The argument that policy risk, i.e., uncertainty about monetary and fiscal policy, has been holding back the economic … business cycle fluctuations by using an estimated New Keynesian model featuring policy risk as well as uncertainty about … technology. We directly measure uncertainty from aggregate time series and find considerable evidence of time-varying policy risk …

prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost …

scientific uncertainty about the effects of increased greenhouse gas concentrations on climate. Criticisms of this controversial …

impact of uncertainty and real options on the decision of working time, i.e. we examines the determinants of employment and …

Common integrated assessment models produce the counterintuitive result that higher risk aversion does not lead to … circulation model. It also features Epstein-Zin utility and uncertainty about climate sensitivity that resolves after some time …. The simulations show that aversion to this tipping point risk has little effect. For climate sensitivity of realistic …

intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …

choice deviate from what citizens want but that an increase in uncertainty about policy outcomes decreases this distortion. …