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Uncertainty shapes the trajectory of business cycles and remains a central research topic in Macroeconomics. When studying the impact of uncertainty on the economy, economists use different uncertainty measures. While all indicators approximate uncertainty along some certain dimension, none of...
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measurement in influencing economic decisions. They attempt to measure uncertainty by indexes of volatility of the stock market … although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …
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"Preface I did not want to write this book. I wanted to buy it. Risk analysis is mature enough that it needs a … principles text. There are many wonderful books available on the subject of risk. In fact, for years, in the training I have done … students and professionals to the integrated topic of risk analysis. I never found it. So, I decided to go ahead and write it …
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