. Macroeconomists increasingly rely on survey data on subjective expectations. An innovative approach to measure aggregate uncertainty …Measuring economic uncertainty is crucial for understanding investment decisions by individuals and firms … exploits the rounding patterns in individuals' responses to survey questions on inflation expectations (Binder, 2017). This …

-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated … informed. Moreover, young firms tend to wait long before entering or exiting the market faced with high uncertainty about their …