Using a new survey of firms in New Zealand, we document how exogenous variation in the macroeconomic uncertainty … macroeconomic uncertainty of some firms. The effects on their decisions relative to their initial plans as well as relative to an … technologies or open new facilities. These ex-post effects of uncertainty are similar to how firms say they would respond to higher …

This paper analyzes the role of uncertainty in a multi-sector housing model with financial frictions. We include time … varying uncertainty (i.e. risk shocks) in the technology shocks that affect housing production. The analysis demonstrates that …

This paper analyzes the role of uncertainty in a multi-sector housing model with financial frictions. We include time … varying uncertainty (i.e. risk shocks) in the technology shocks that affect housing production. The analysis demonstrates that … countercyclical behavior of risk premia on loans to the housing sector. -- Agency costs ; credit channel ; time-varying uncertainty …

incorporation of uncertainty into policy decision-making. The sort of post-crisis uncertainty that central banks are dealing with … this burden of coherence means that fundamental uncertainty must be incorporated explicitly into the policy formulation … management, one consequence of which is to inject a little more realism about uncertainty into the policy narrative, while …

how different sources of uncertainty factor into monetary policy communications. To help markets and others understand its … are being considered in policy formulation. Discussion of uncertainty becomes particularly important when a large shock …

Using a new survey of firms in New Zealand, we document how exogenous variation in the macroeconomic uncertainty … macroeconomic uncertainty of some firms. The effects on their decisions relative to their initial plans as well as relative to an … technologies or open new facilities. These ex-post effects of uncertainty are similar to how firms say they would respond to higher …

outline a novel model that considers the non-linear relationship between inattentiveness and aggregate uncertainty, which … crucially distinguishes between macro-economic and data ( measurement error) uncertainty. The empirical analysis uses the Survey …

This paper analyzes the role of uncertainty in a multi-sector housing model with financial frictions. We include time … varying uncertainty (i.e. risk shocks) in the technology shocks that affect housing production. The analysis demonstrates that … countercyclical behavior of risk premia on loans to the housing sector. -- agency costs ; credit channel ; time-varying uncertainty …