In this paper, we study a new channel to explain firms' price setting behavior. We propose that uncertainty about …

of firm volatility across industries: for example, sunk capital costs, uncertainty about profits and technological change … measure uncertainty about profits and technological change, while the latter enables us to obtain information on the industry …. Our empirical findings show that: (1) industries with higher sunk capital costs and profit uncertainty have significantly …

of firm volatility across industries: for example, sunk capital costs, uncertainty about profits, and technological … allows us to measure uncertainty about profits and technological change, while the latter enables us to obtain information on … uncertainty have significantly lower variability of the number of firms; and (2) these relationships are non-linear as suggested …

This paper studies the impact of corporate acquisitions - both domestic and cross-border - on the uncertainty faced by …-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty … - engender a positive response in acquirers' volatility. Our results suggest that acquisitions affect uncertainty because they …

We investigate how a macroeconomic uncertainty shock affects the labor market. We focus on the uncertainty transmission … factors from such indicators into a framework that can simultaneously estimate historical macroeconomic uncertainty and its …

forecasting accuracy significantly. Higher uncertainty is found to increase the leverage and macro effects from credit and … commodity markets on stock market realized volatility. Specifically, Economic Policy Uncertainty is shown to be one of the main …

-category spillovers of economic policy uncertainty (EPU) and financial market volatility between the US and Japan. Our model includes … indices of monetary, fiscal and trade policy uncertainty for each country, as well as three measures of option-implied stock … strong sources of uncertainty spillovers throughout the sample period. …

This paper proposes the volatility of sovereign credit default swaps (CDS) as a measurement of economic uncertainty … volatility of sovereign CDS spreads contains information about economic uncertainty. For a broad panel of 16 countries we find … that sovereign CDS volatility shares directional information with popular news-based economic policy uncertainty (EPU …