paper begins with a discussion of the positive theory of wage taxation and labor supply under uncertainty. This is followed … simultaneous uncertainty and inequality is discussed. In this part of the paper it is assumed that the government's objective is to …

We review the literature on uncertainty shocks and business cycle research. First, we motivate the study of uncertainty … mechanisms that researchers have postulated to link uncertainty shocks and business cycles. Third, we outline how we can specify … uncertainty shocks. Fourth, we postulate a real business cycle model augmented with financial frictions and uncertainty shocks …

uncertainty, a 5.5 percent log return would permit the benchmark benefits to be purchased with PRA deposits of 3.1 percent of …