lower exchange rate bound vis-à-vis the Euro. This unexpected change of regime induced a temporary uncertainty about future … the source of uncertainty and disentangle first and second moment effects. We find that price uncertainty affects … and suggest the use of disaggregated investment data to deepen our knowledge on the relationship between uncertainty and …

Following the real option literature, whether or not uncertainty shocks drive business cycles depends on the degree of … adjustment frictions. The more plants freeze and remain inactive in response to increased uncertainty, the stronger the adverse … in uncertainty reduces hiring, quits and job creation, while it raises layoffs and job destruction. Our finding suggests …

There is wide debate over the impact of uncertainty on firm behavior, due to the difficulty both of measuring … uncertainty and of identifying causality. This paper takes three steps that attempt to address these challenges. First, we develop …-looking measures of uncertainty over firms' business conditions. Finally, we examine how uncertainty affects a range of outcomes …

adoption decision of particular technologies under uncertainty. These technologies are coal-fired power plants, biomassfired … policy ; uncertainty ; real options ; electricity ; investments …

regulation ; natural gas transmission …