This paper introduces a new measure of fiscal policy uncertainty based on the disagreement among professional … brake' on fiscal policy uncertainty. Finally, we conduct an impulse response analysis to investigate the effect of fiscal … policy uncertainty on the real economy and we provide robust evidence that fiscal policy uncertainty significantly decreases …

short-time window to test the impact of deteriorating expectations and uncertainty on firms' R&D choices. Our results show a … dramatic effect of firms' expectations about future market conditions. In this regard, internationalized and innovative … discontinuing research plans. Beyond the role played by expectations, innovative characteristics already in place are found to …

This paper studies the dynamic effects of an uncertainty shock on firm expectations. We conduct a survey that confronts … managers from a representative firm sample with a model-consistent uncertainty shock scenario. An exogenous increase in … uncertainty significantly reduces managers' expected investment, employment and production in the short and mid run. We collect …

between the economic outlook and inflation expectations. We also show that the uncertainty framework fits with some of the …Consumers' inflation expectations play a key role in the monetary transmission mechanism. As such, it is crucial for … monetary policymakers to understand what they are and how they are formed. In this paper we introduce the (un)certainty channel …

This paper investigates the effect of uncertainty on the volatility of the Mexican peso U.S. dollar exchange rate for … of economic, political, and financial uncertainty, both domestic and international, as explicative variables. The main … results show that greater uncertainty leads to higher exchange rate volatility; measures of international uncertainty are …

households' short- and long-term expectations about future inflation. This relationship is strong during periods of high …. Our results show that household perceptions about past inflation drive their expectations about future inflation rates …. The strength of the pass-through from perceptions to expectations varies across socioeconomic groups. We identify two …

exchange rates and stock market returns via increased uncertainty. We also show that expectations regarding monetary policy …This paper examines whether and how expectations have contributed to the turbulent path of the Turkish lira since 2008 …. We derive uncertainty measures surrounding gross domestic product (GDP) growth, inflation, the interest rate, and …

are higher that companies are more likely to exhibit more pessimistic business expectations for the upcoming months on … Mondays and more optimistic expectations at the end of the week. The same holds for the assessment of the current business …

Expectations regarding future outcomes play a crucial role in capitalist economies. Where do the expectations on which … expectations: Institutions, social position, social networks, calculative tools, cultural structures, reflexivity, and protention … expectations. …

This paper analyzes the role of uncertainty on both exchange rate expectations and forecast errors of professionals for … uncertainty as well as disagreement among CPI inflation forecasters to account for different dimensions of uncertainty. Based on a … the adjustment of exchange rate expectations. Our findings are robust to different forecasting horizons and point to an …