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. …

price, the equilibrium risk-free rate, and risk premia. Climate disasters, which are more likely to occur sooner as … temperature rises, significantly increase risk premia. …

This paper quantifies the loan exposure to elevated environmental risk sectors of the banking system in the USA, EU … framework if prudential regulation of environmental risks is to be considered: the consideration or not of climate risk as … credit risk and the impact of environmental risks over probabilities of default over the entire business cycle …

We study the effects of unexpected changes in trade policy uncertainty (TPU) on the U.S. economy. We construct three …' export participation decisions. In the model as in the data, news and increased uncertainty about higher future tariffs …

interactions between geopolitical risk (GPR) and renewable energy consumption growth (RECG). The identification strategy is …

This paper provides new indices of global macroeconomic uncertainty and investigates the cross-country transmission of … uncertainty using a global vector autoregressive (GVAR) model. The indices measure the dispersion of forecasts that results from … parameter uncertainty in the GVAR. Relying on the error correction representation of the model, we distinguish between measures …

We present a monthly indicator of geopolitical risk based on a tally of newspaper articles covering geopolitical … tensions, and examine its evolution and effects since 1985. The geopolitical risk (GPR) index spikes around the Gulf War, after … geopolitical risk leads to a decline in real activity, lower stock returns, and movements in capital flows away from emerging …

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 …

This paper provides new indices of global macroeconomic uncertainty and investigates the cross-country transmission of … uncertainty using a global vector autoregressive (GVAR) model. The indices measure the dispersion of forecasts that results from … parameter uncertainty in the GVAR. Relying on the error correction representation of the model, we distinguish between measures …

processes. ACE shows that uncertainty flips the main drivers of the carbon tax. Uncertainty also makes IAMs even more sensitive … to the discount rate and its composition. Under a recent survey's median estimate for pure time preference, uncertainty …