Purpose: The purpose of this paper is to estimate the effect of policy and exchange rate uncertainty shocks on EU countries’ exports to the world economy. The authors examine the performance of the four biggest economies, namely Germany, France, Italy and the UK, under policy and exchange...

Purpose: The paper explores the precarious balance between modernizing monetary systems by means of digital currencies (either issued by the central bank itself or independently) and safeguarding financial stability as also ensured by tangible payment (and saving) instruments like paper money....

Purpose: The purpose of this paper is to investigate whether the macroeconomic effects of government spending shocks vary with the degree of macroeconomic uncertainty. Design/methodology/approach: The authors use quarterly US data from 1960 to 2017 and employ the Self-Exciting Interacted VAR...