surge in the stock market would be self-correcting. Recent papers have discussed the role of "uncertainty" and its … measurement in influencing economic decisions. They attempt to measure uncertainty by indexes of volatility of the stock market …, GDP, forecaster disagreement, mentions of uncertainty in news media, and the dispersion of productivity shocks to firms …

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 the indicators directly captures Knightian Uncertainty. According to …

The present article describes the approaches and definition of the concept of uncertainty proposed by its authors, a … quantitative evaluation of uncertainty, and materials of the empirical study used to explore the said issues on the example of …