/1991, speculative demand shocks also played a role. Third, it is shown that temporary oil price hikes influence economic decisions that … are based on oil price information. For this purpose, a real options model on the oil field development decision is … demand shocks can emerge that to date appear to have been overlooked. …

considered an indicator of either information flow or uncertainty. We show in a stylized model economy that both views suggest … market, volatility reflects information (uncertainty). We introduce a simultaneous time-varying coefficient model, where …

In the U.S. stock and options markets from January 1996 to December 2013, we examine whether information uncertainty … the portfolios held by one month. In our results, changes in information uncertainty are in tandem with changes in implied …, we provide novel evidence that the uncertainty of information concerning a firm's fundamental underlying volatility …