uncertainty. We find that policy uncertainty raises the rate of inventor emigration by a notable magnitude. With a one standard … deviation in the policy uncertainty of the home country, relative to the possible destination countries, the rate of inventor … emigration increases by nearly 40%. Migrating inventors are subsequently exposed to lower levels of policy uncertainty in the …

Recently, much attention has been devoted to the measurement of macroeconomic (expectation) uncertainty and its impact … on aggregate economic fuctuations. This paper presents a new qualitative measure of macroeconomic expectation uncertainty … expectation uncertainty is related to data volatility and conventional measures of uncertainty as expected. Its dependency on …

extent of trust and efficient allocations might feature resource burning or utility burning: trust is indeed a double …

. For the case in which household labor productivity takes two values, one of which is zero, and where households have log-utility …