national variables. We estimate our macro model using quarterly data from Q1 1984 to Q4 2007 for the G7 countries plus the euro …

market’s expectations about the magnitude of the economic impact beyond the UK and which country beyond the UK may be mostly …, and UK financial market volatilities (second statistical moment) and try to identify the direction of causality among them … countries predominantly from Europe as well as of the British pound and of the euro (first statistical moment). We show that …

and financial sector effects of uncertainty. In that respect, we compare the impacts of a US and a Euro area uncertainty …, Switzerland turns out to be the most affected non-Euro area European country. We also find a high degree of synchronization among …