In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

We examine several measures of uncertainty to make five points. First, equity market traders and executives at … nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck. Both the one …-year VIX and our survey-based measure of firm-level uncertainty at a one-year forecast horizon doubled at the onset of the …

-contingent consumer's surplus and the state-contingent marginal utility of wealth and a second term representing risk aversion. This … consumer's surplus is determined by the covariance between preferences and consumer's surplus and risk aversion. The sign of …. We then apply this result to the allocation of risk in the context of both public and private goods. In Section 3, we …

Many commentators argue that uncertainty about tax, spending, monetary and regulatory policy slowed the recovery from … the 2007-2009 recession. To investigate this we develop a new index of economic policy uncertainty (EPU), built on three … components: the frequency of newspaper references to economic policy uncertainty, the number of federal tax code provisions set …

We examine how policy uncertainty affects firm innovation and competitive dynamism. In R&D races, the gap in the rate … investment from policy uncertainty present an opportune window for laggards to challenge and overtake leaders. We present … evidence that policy uncertainty increases the rate of innovation by laggards relative to leaders and accelerates upward …

We model economic policy uncertainty (EPU) in the four largest euro area countries by applying machine learning … components of overall EPU endogenously for a wide range of languages. The uncertainty indices computed from January 2000 to May … structural vector autoregression model to study the relationship between different sources of uncertainty and investment in …

The aim of this paper is to investigate the effect of policy uncertainty on firms' investment decisions. We focus on … Spain for the period 1998-2014. To measure policy-related uncertainty, we use a new macroeconomic indicator constructed for … this country. We find strong evidence that policy uncertainty reduces corporate investment. Furthermore, the heterogeneous …

We construct a new index of uncertainty — the World Uncertainty Index (WUI) — for 143 individual countries on a … quarterly basis from 1996 onwards. This is defined using the frequency of the word “uncertainty” in the quarterly Economist …, El Niño, European border crisis, UK Brexit vote and the 2016 US election. Uncertainty spikes tend to be more synchronized …

Uncertainty over economic policy plays a key role in economic outcomes. But evidence and quantification for emerging … policy uncertainty (EPU) index for Turkey and assess how it affects Turkish firms. To disentangle the issues of endogeneity … irreversible investment are more exposed to policy uncertainty. In sectors with large irreversible investment EPU has a greater …