We study the development of bank lending in the U.S. after four large jumps in uncertainty using an event study … uncertainty. Lending by smaller banks is also less responsive to increases in uncertainty. Banks with a higher capitalization …-bank holding company. This heterogeneity across banks suggests that declines in bank lending following increases in uncertainty are …

components of aggregate demand supports the idea that stock mar- ket volatility is closely related to uncertainty about future …

This paper explores if economic uncertainty alters the macroeconomic influence of monetary policy. We consider several … measures of U.S. economic uncertainty, and estimate their interaction effects with monetary policy shocks as identified through … uncertainty is high, consistently with "real-options" effects suggested by models with non-convex adjustment costs. Investment …