health care reform in the United States is a potentially important source of households' financial uncertainty. To quantify … the implications of this uncertainty for the real economy, this paper conducts an empirical analysis of the effect of … health care policy uncertainty (HCPU) on two channels of households' economic behavior: consumption and portfolio choice …

firm characteristics, macroeconomic environment, other uncertainty measures, time, and alternative GPR and R&D measures, as …Although most empirical studies conclude that uncertainty delays firms' investments based on real options theory …, empirical evidence regarding the impact of uncertainty on innovation is mixed. This study examines the impact of geopolitical …

backward stochastic differential equations, including new examples with explicit formulas. Under model uncertainty about the … Sondermann (1986) if uncertainty is sufficiently large …

This paper investigates empirically the dynamics of investors' beliefs and Bayesian uncertainty about the state of the … economy as state variables that describe the time-variation in investment opportunities. Using measures of uncertainty … aggregate output, I find a negative relationship between the level of uncertainty and asset valuations. This relationship shows …

This paper conducts an empirical analysis of the effect of health care policy uncertainty (HCPU) on households …