In this paper, we conduct an empirical study of how uncertainty alters fertility behavior. The precautionary motive for … saving predicts that an increase in income uncertainty increases saving by reducing both consumption and fertility. We … examine this prediction using a new measure of economic uncertainty, the World Uncertainty Index and focus on data from 126 …

In situations of what we now describe as radical uncertainty, the core model of agent behaviour, of rational autonomous … that in situations where radical uncertainty is present, we require theoretical 'null' models of agent behaviour which are … different from those of economic rationality. Under uncertainty, fundamentally different behavioural rules are 'rational'. The …

In situations of what we now describe as radical uncertainty, the core model of agent behaviour, of rational autonomous … that in situations where radical uncertainty is present, we require theoretical "null" models of agent behaviour which are … different from those of economic rationality. Under uncertainty, fundamentally different behavioural rules are "rational". The …

The paper's research focus is a methodological issue of a relationship between the uncertainty and risks, their co … economic mechanism. It manifests itself in variability of the uncertainty apperception force that presents a power of its … transformation into the risk. In the author's model of the cycle, we have presented the uncertainty dynamics, where a multi …

uncertainty shocks stemming from geopolitical swings in South Korea. We construct robust instrumental variables for examining the … variations in uncertainty due to geopolitical swings by observing high-frequency changes in financial asset returns and their … uncertainty has a negative (positive) impact on macroeconomic outcomes in South Korea. We provide evidence that financial and …

current endogenous countercyclical uncertainty shock makes risk averse workers more willing to provide imperfectly monitored …

correlation between output and aggregate uncertainty. We find the transmission of uncertainty shocks to output is weak, while … aggregate uncertainty endogenously responds to first moment shocks in the presence of labor market search frictions. This … indicates that countercyclical movements in aggregate uncertainty are endogenous responses to changes in output, rather than …

In this paper, we conduct an empirical study of how uncertainty alters fertility behavior. The precautionary motive for … saving predicts that an increase in income uncertainty increases saving by reducing both consumption and fertility. We … examine this prediction using a new measure of economic uncertainty, the World Uncertainty Index and focus on data from 126 …