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 …

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 …

businesses use information around them to form judgements about what might happen in the future. The rise in uncertainty might be … measure macroeconomic uncertainty in Zimbabwe, using stock market indices - industrial index and mining index - for the period … 2010M1 to 2019M3. Prevalence of macroeconomic uncertainty has been traced from the stock market index trend and stock …

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

disagreement shocks” and the standard uncertainty shocks, innovations that enlarge the forecast dispersion lead to a persistent … decline in aggregate investment, employment, and production followed by a slow recovery. Conversely, when the uncertainty is … measured by the variability of future firm-specific productivity innovations, the classic “wait and see” effect of uncertainty …

mechanism then provides a rationale for discount factor first- and second-moment (“uncertainty”) shocks …