elevated uncertainty surrounding monetary policy, affects the inflation expectation formation process. Based on U.S. data since … the 1980s and a stochastic volatility-in-mean structural VAR model we find that monetary policy uncertainty reduces both … Unsicherheit über die Geldpolitik interpretiert wird, den Prozess der Inflationserwartungsbildung beeinflusst. Basierend auf US …

We find that macroeconomic uncertainty plays a significant role in U.S. monetary policy. First, we construct a measure … of uncertainty as felt by policymakers at the time of making their rate-setting decisions. This measure is derived from a … real-time, Bayesian estimation of a small monetary VAR with time-varying parameters. We use it to calculate the probability …

We find that macroeconomic uncertainty plays a significant role in U.S. monetary policy. First, we construct a measure … of uncertainty as felt by policymakers at the time of making their rate-setting decisions. This measure is derived from a … real-time, Bayesian estimation of a small monetary VAR with time-varying parameters. We use it to calculate the probability …

This paper shows that uncertainty has an impact on the effectiveness of monetary policy shocks. As uncertainty … increases, so does the risk that a restrictive forward guidance shock will increase rather than decrease stock prices. This … suggest that uncertainty is an alternative approach to explain the phenomena previously known as "information shock" and …

We explore empirically the transmission of U.S. financial and macroeconomic uncertainty to emerging market economies … (EMEs). We start by assuming that there are crucial differences between volatility and uncertainty, and between the latter … and its shocks. With the help of Bayesian vector auto-regressions, we first identify two measures of U.S. uncertainty …

We investigate the relationship between inflation uncertainty and monetary policy transmission in the U.S. economy … uncertainty and contributes to the reduced policy effectiveness. …

estimation. The main results indicate that loan supply shocks have no significant effect on loan volumes and lending rates, as …

setting, we find that US interest rate uncertainty not only drives local output and in ation volatility, but also causes …