-specific) uncertainty and offers ten main takeaways. The second part reviews contributions on the fast-growing strand of the literature … focusing on the macroeconomic effects of uncertainty spillovers and global uncertainty. The last part proposes a novel measure … of global financial uncertainty and shows that its unexpected variations are associated to statistically and economically …

perceptions, expectations, and uncertainty through the lens of firms' unit (marginal) costs. Using methods grounded in the survey …

Measuring economic uncertainty is crucial for understanding investment decisions by individuals and firms …. Macroeconomists increasingly rely on survey data on subjective expectations. An innovative approach to measure aggregate uncertainty … uncertainty. The results provide evidence for the existence of considerable heterogeneity in individuals' response behavior and …

Model uncertainty has the potential to change importantly how monetary policy should be conducted, making it an issue … form expectations using the misspecified model. Next, I exploit the connection between robust control and uncertainty …

long- and short-term inflation expectations are sensible to policy-related uncertainty shocks. A rise of long …-term inflation expectations in times of economic contraction, in response to such shocks, suggests that heightened policy uncertainty …

short-term inflation expectations are sensitive to policy-related uncertainty shocks. While economic activity contracts …, long-term inflation expectations raise in response to such shocks. These results suggest that observed uncertainty about …

long- and short-term inflation expectations are sensible to policy-related uncertainty shocks. A rise of long …-term inflation expectations in times of economic contraction, in response to such shocks, suggests that heightened policy uncertainty …