landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion … Government to induce adequate participation in a conservation plan. We study the impact of uncertainty on the optimal conversion … of deforestation. Interestingly, we show that uncertainty, even if it induces conversion postponement in the short …

We find that macroeconomic uncertainty plays a significant role in U.S. monetary policy. First, we construct a measure … of uncertainty as felt by policymakers at the time of making their rate-setting decisions. This measure is derived from a … of being in a high-uncertainty regime. Second, we estimate a monetary policy reaction function that, apart from …

I use a forward-looking and exogenous measure of price uncertainty to examine the causative effect of uncertainty on … and financial frictions play in that relationship. In private loans, high uncertainty leads to more and tighter financial … covenants linked to performance. Risk management attenuates the effect of uncertainty on the inclusion of financial covenants …