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 …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

We examine several measures of uncertainty to make five points. First, equity market traders and executives at … nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck. Both the one …-year VIX and our survey-based measure of firm-level uncertainty at a one-year forecast horizon doubled at the onset of the …

landscape. Uncertainty and perceptions are influential drivers when it comes to migration decisions, and yet, the literature … simultaneously associated with uncertainty perceptions. We leverage the British referendum of 2016 to leave the European Union as a … unique natural experiment to demonstrate how collective uncertainty, induced by national government policy, affects the …

uncertainty, society must take robust preventive action to guard against worst-case outcomes. It follows that the higher the … degree of uncertainty, the more aggressive this preventive action should be. This normative maxim is explored in the case of … a stylized dynamic model of pollution control under Knightian uncertainty. At time 0 a decision-maker makes a one …

this new framework to investments in the electricity sector. In particular, a real options model is used to assess the … adoption decision of particular technologies under uncertainty. These technologies are coal-fired power plants, biomassfired … optimization, where the measure of risk is the Conditional Value-at-Risk (CVaR). …

many core economies. Focusing on the four largest euro-area countries, this paper investigates the role of uncertainty for … investment dynamics. By doing so, we compare five prominent uncertainty proxies put forward in the recent literature: the … uncertainty, and two indicators taking up the concept of (econometric) unpredictability. Although all uncertainty measures show …

lower exchange rate bound vis-à-vis the Euro. This unexpected change of regime induced a temporary uncertainty about future … the source of uncertainty and disentangle first and second moment effects. We find that price uncertainty affects … and suggest the use of disaggregated investment data to deepen our knowledge on the relationship between uncertainty and …