We construct a new index of uncertainty — the World Uncertainty Index (WUI) — for 143 individual countries on a … quarterly basis from 1996 onwards. This is defined using the frequency of the word “uncertainty” in the quarterly Economist …, El Niño, European border crisis, UK Brexit vote and the 2016 US election. Uncertainty spikes tend to be more synchronized …

hypothesis of safe asset shortage-induced excess credit booms and financial instability. As an alternative step forward from the …. Using the index, consecutive empirical exercises confirm the positive relationship of safe asset shortage-credit expansion …-2013 presents new evidence that the (high) level of private credit at a time of increasing safe asset shortage is the major …

Although uncertainty plays an important role in economic decisionmaking, empirical measures of individuals' uncertainty … are rare. The literature on cognition and communication documents that people use round numbers to convey uncertainty …. This paper introduces a method of quantifying the uncertainty associated with round responses in survey data, allowing …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …