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 …

Theory suggests that uncertainty can play an important role in determining firms' decisions to shut down operations. In … this paper, I provide evidence that input-price uncertainty leads to significant and persistent reductions in plant exits … price uncertainty within a same industry and region with shocks to exchange rate uncertainty, and monthly data on the timing …

matching the micro facts, demand dispersion has unambiguously negative effects on output via increased uncertainty and a "wait …

markets. The weather-driven uncertainty of renewable forecast errors could have price increasing impacts. This research sets … weather types and their renewable production uncertainty is proved via empirical methods. Weather types are identified in … which renewable production is harder to predict. The findings connect weather dependent renewable forecast uncertainty to …