Using data from the World Uncertainty, World Trade Uncertainty, and World Pandemic Uncertainty indices for 142 … countries, this paper introduces three new indicators for measuring uncertainty in Turkey's export markets from the first … quarter of 1996 to the first quarter of 2020. The indicators measure uncertainty in Turkey's export destinations. After …

model of uncertainty. I illustrate the methodology in two environments: a) an industry populated with a large firm and many …

-specific) uncertainty and offers ten main takeaways. The second part reviews contributions on the fast-growing strand of the literature … focusing on the macroeconomic effects of uncertainty spillovers and global uncertainty. The last part proposes a novel measure … of global financial uncertainty and shows that its unexpected variations are associated to statistically and economically …

We show that systemic risk in the banking sector breeds macroeconomic uncertainty. We develop a model of a production … higher probability of a banking panic increases uncertainty in the aggregate economy. We explore the implications of this … banking panic-driven uncertainty for business cycles, asset prices and macroprudential regulation. Banking panic …

In this paper, we study an irreversible investment problem under Knightian uncertainty. In a general framework, in … which Knightian uncertainty is modeled through a set of multiple priors, we prove existence and uniqueness of the optimal … - where risk is driven by a geometric Brownian motion and Knightian uncertainty is realized through a so-called "k …

We study the pricing of contracts in fixed income markets in the presence of volatility uncertainty. We consider an … arbitrage-free bond market under volatility uncertainty. The uncertainty about the volatility is modeled by a G-Brownian motion …

I propose a Bayesian quantile VAR to identify and assess the impact of uncertainty and certainty shocks, unifying Bloom …'s (2009) two identification steps into one. I find that an uncertainty shock widens the conditional distribution of future … uncertainty) narrows the conditional distribution of future real activity growth. In addition to the difference in signs, I show …

-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 …

We use unique data from the Berea Panel Study to characterize how much earnings uncertainty is present for students at … college entrance and how quickly this uncertainty is resolved. We characterize uncertainty using survey questions that elicit … expectations data, we find that roughly two-thirds of the income uncertainty present at the time of entrance remains at the end of …