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 …

.e. aggregate investment and investment in energy saving technologies, using subjective evaluations of expectations and uncertainty … of general investment spending. Furthermore, expectations and uncertainty have important although different effects on …This paper analyses the effect of uncertainty on investment spending. We analyse two types of investment, i …

This paper considers measures of uncertainty used in economic estimation. Our first contribution is to address the … subsequent empirical section, we compare measures of uncertainty, all of which are based on underlying dataon optimism from an … established UK survey database, managed by the main employers' organization, the CBI. We measure uncertainty at industry level in …