This paper analyzes how firm-specific uncertainty affects firms’ propensity to invest. We measure firm …-specific uncertainty as firms’ absolute forecast errors derived from survey data of German manufacturing firms over 2007–2011. In line with … the literature, our empirical findings reveal a negative impact of firm-specific uncertainty on investment. However …

This paper examines the effects of uncertainty and flexible labour contracts on the Research and Development (R …&D outlays. Moreover, as predicted by the real options theory, our results suggest that product market uncertainty reduces R …&D efforts and that flexible labour contracts countervail the adverse effect of uncertainty on R&D. …

impact of irreversibility and uncertainty in determining aggregate investment spending. Earlier work on manufacturing … be consistent with the idea that increased (uncontrolled for) uncertainty has led to increased volatility in investment …. The possibility that movements in the real price of gold reflect uncertainty in financial and other traded commodity …

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 … uncertainty and disagreement among exchange rate forecasters and identify a strong relationship between them. …