This paper investigates the role of global economic uncertainty in Dunning’s investment development path (IDP … countries’ net outward investment (NOI) follows a non-linear pattern even after incorporating global economic uncertainty into … the analysis. At the same time, global economic uncertainty has non-linear effects on NOI subject to the level of economic …

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 …

I study the role of firms' uncertainty in the transmission of forward guidance to investment. To do so, I employ a … empirical findings, I construct a medium-scale New Keynesian model with two sectors, a high-uncertainty and low-uncertainty one …. Agents in the high-uncertainty sector are ambiguous (Knightian uncertain) about the informativeness of forward guidance, and …

We construct measures of uncertainty and its dispersion exploiting the heterogeneity of a large set of model … methodology with expected shortfall predictions of worldwide equity indices generated from 71 risk models. We use the new measures … in asset pricing, risk forecasting, and for explaining the aggregate trading volume of S&P 500 firms …

perverse combination of Knightian uncertainty and externalities in banking seems to have been the major responsible of the … financial crisis.This paper investigates the role of uncertainty and externalities in the unfolding of events that determined …

-varying and related to investor uncertainty about the state of the economy. The dynamics of betas will also vary across assets … uncertainty periods, value betas are higher while growth betas are lower. We estimate conditional betas empirically using proxies … for investor uncertainty and show support of the model's prediction about the dynamics of growth and value betas …

We introduce uncertainty in our general equilibrium model with multi-member groups, following the classical state …-space approach of Arrow-Debreu. A host of new interesting economic issues emerge. First, risk averse agents can attempt to insure … an open question. Second, one may ask more specifically what is the role of social groups for risk sharing and risk …

We consider several economic uncertainty indicators for the US and UK before and during the Covid-19 pandemic: implied … stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic uncertainty, subjective … uncertainty about future business growth, and disagreement among professional forecasters about future GDP growth. Three results …