Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in … recessions, and that uncertainty in initial output gap estimates persists several years. Only a small share of output gap …

reaction to policy decisions. It is generally acknowledged that uncertainty poses a challenge to monetary policy making. In the … recent years, a growing body of literature addresses the effect of a variety of sources of uncertainty in the design of … monetary policy. However, this literature has mainly focused in developed economies albeit that the uncertainty phenomena is …

This paper examines the impact of uncertainty on estimated response of stock returns to U.S. monetary policy surprise … and the level of uncertainty in the economy. Using high frequency daily data from the Federal funds futures market, we … measures of uncertainty. Evidence suggests a significant negative relationship between the level of uncertainty and the time …

This paper aims an empirical investigation of uncertainty in the Euro Zone as well as the US. For this purpose I … conduct a factor analysis of uncertainty measures starting in 2001 until the end of 2011. I use survey-based data provided by … implied volatility of stock market movements. Each measure shows an increase in uncertainty during the last years marked by …

(“uncertainty”), we find that a lax monetary policy decreases both risk aversion and uncertainty, with the former effect being …

This paper is an empirical investigation of uncertainty in the Euro Zone as well as the US. It conducts a factor … analysis of uncertainty measures starting in 2001 until the end of 2011. For this purpose I use survey-based data provided by … implied volatility of stock market movements. Each measure shows an increase in uncertainty during the last years marked by …

academics, policymakers, and market economists, for discussion and debate about the effect of uncertainty on economic decision … policymaking in the face of uncertainty. …