uncertainty, much of which concerns the nation's fiscal policy. Intuition suggests that increased policy uncertainty likely has … of shocks due to policy uncertainty. This study uses industry data to explore whether policy uncertainty indeed affects … that can ultimately be attributed to federal government expenditures. The estimation results reveal that policy uncertainty …

This contribution argues that uncertainty is integrated into the modern economic systems; however its autochthonously … increasing feature is puzzling and should be addressed in a more dedicated way. Behind the curtain of increasing uncertainty, we … are contributing to the deepening global distribution of uncertainty in the advanced world by establishing a vicious …

there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide … always have incentives to merge, irrespective of cost uncertainty, while a merger without role redistribution is ex ante … profitable if and only if uncertainty is sufficiently great. As regards the social desirability of mergers, it is found that a …

of data is an important source of uncertainty about the state of the economy. This paper evaluates the quality of major … growing data uncertainty over the past decade for Euro area variables. As a robustness check, we reckon our results using US … data and additionally show that uncertainty calculations are robust towards changes in final revision definition. Moreover …

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of … non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we …

The paper proposes a novel way to handle the relation between decision theory and uncertainty in the context of policy …

of data is an increasingly important source of uncertainty about the state of the economy and offer an alternative … channel of uncertainty - data uncertainty. This paper adds on the uncertainty literature and focuses on data uncertainty …, which originates in the revision structure of data. We find that apart from the general and economic policy uncertainty, the …

market set -up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is …

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. …

We examine the transmission of global macro-financial uncertainty to economic activity depending on the current state … of the banking sector. Previous literature suggests that credit supply and uncertainty shocks are important drivers of … surprisingly simple measure of macro-financial uncertainty at the global level while the state of credit intermediation is being …