This paper provides empirical evidence on the dynamic effects of uncertainty on firm-level capital accumulation. A … novelty in this paper is that the firm-level uncertainty indicator is motivated and derived from a theoretical model, the …-correction approach is employed. I find a negative effect of uncertainty on capital accumulation, both in the short and the long run. This …

We consider several economic uncertainty indicators for the United States and the UK before and during the COVID-19 … pandemic: implied stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic … uncertainty, subjective uncertainty about future business growth, and disagreement among professional forecasters about future …

making under uncertainty. In the current paper, we explore (1) the relationship between the symmetry assumption of Klibanoff …

This paper provides three measures of the uncertainty associated to an impulse response path: (1) conditional … confidence bands which isolate the uncertainty of individual response coefficients given the temporal path experienced up to that …