We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty … effects in tranquil times but is contractionary during uncertain times. The endogenous reaction of macroeconomic uncertainty … spending, research and development expenditures reduce uncertainty and have an expansionary effect on output during uncertain …

This paper evaluates the predictive out-of-sample forecasting properties of six different economic uncertainty …. The core contention is that economic uncertainty improves both forecast accuracy as well as direction-of-change forecasts … an increased relevance of certain economic uncertainty measures for forecasting growth in both real aggregate as well as …