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

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

. We decompose the VIX into two components, a proxy for risk aversion and expected stock market volatility ("uncertainty … monetary policy decreases risk aversion after about five months. Monetary authorities react to periods of high uncertainty by …

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

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

We identify the relative importance of changes in the conditional variance of fundamentals (which we call "uncertainty … premiums. Theoretically, we introduce persistent time-varying uncertainty about the fundamentals in an external habit model …, uncertainty plays a large role in the term structure and is the driver of counter-cyclical volatility of asset returns. …

We identify the relative importance of changes in the conditional variance of fundamentals (which we call "uncertainty … premiums. Theoretically, we introduce persistent time-varying uncertainty about the fundamentals in an external habit model …, uncertainty plays a large role in the term structure and is the driver of counter-cyclical volatility of asset returns. …

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