market set-up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known …

market set -up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is …

The aim of this paper is to analyze the relationship between different types of uncertainty and stock returns of the … uncertainty increases …

The aim of this paper is to analyze the relationship between different types of uncertainty and stock returns of the … uncertainty increases. …

This review article tries to answer four questions: (i) what are the stylized facts about uncertainty over time; (ii …) why does uncertainty vary; (iii) do fluctuations in uncertainty matter; and (iv) did higher uncertainty worsen the Great … Recession of 2007-2009? On the first question both macro and micro uncertainty appears to rise sharply in recessions. On the …

This review article tries to answer four questions: (i) what are the stylized facts about uncertainty over time; (ii …) why does uncertainty vary; (iii) do fluctuations in uncertainty matter; and (iv) did higher uncertainty worsen the Great … Recession of 2007-2009? On the first question both macro and micro uncertainty appears to rise sharply in recessions. On the …

Many commentators argue that uncertainty about tax, spending, monetary and regulatory policy slowed the recovery from … the 2007-2009 recession. To investigate this we develop a new index of economic policy uncertainty (EPU), built on three … components: the frequency of newspaper references to economic policy uncertainty, the number of federal tax code provisions set …

We study the trading behavior of short sellers in the presence of economic policy uncertainty (EPU). Daily short … interest under high political uncertainty is from shorting stocks characterized by higher mispricing, greater policy …

We show theoretically that when Bayesian investors face time-series uncertainty about assets' risk exposures … prediction. Our results have important implications for understanding how prior-induced parameter uncertainty affects asset …

news entropy, we find that decreases are associated with two key features: an increase in uncertainty measures and a …