common and a sector-specific uncertainty component. We apply our framework to a large dataset of disaggregated industrial … production series for the US economy. Our results indicate that common uncertainty and uncertainty linked to nondurable goods … both recorded their pre-pandemic global peaks during the 1973-75 recession. In contrast, durable goods uncertainty recorded …

We analyse firms' sourcing decisions under institutional uncertainty in foreign countries. Firms can reduce their … uncertainty by observing offshoring firms' behaviour. The model characterises a sequential offshoring equilibrium path, led by the …

uncertainty and skewness. Embedding these measures in a VAR framework, we show that unexpected changes in uncertainty are … response of skewness to uncertainty shocks shows that skewness substantially amplifies the recessionary effects of uncertainty. …

challenge. A leading example of this practice is the literature on the effects of uncertainty shocks on economic activity. We …

, clean technological progress, as well as uncertainty about climatic and economic factors, lead to lower emissions and … relative to a 'straw man' model with perfect capital mobility, fixed abatement costs and no uncertainty. …

This paper analyses the direct and indirect trade volume and trade cost effects of uncertainty on international trade … to 2018. Our results suggest that an increase in unilateral uncertainty affects average trade costs in a heterogeneous … manner, depending on whether the uncertainty originates from the importing or exporting country. Moreover, using a cross …

Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty … on the management cost, the assumed value of a good state and on the level of uncertainty regarding the ecological state …

, decision makers can be biased, display aversion to prior uncertainty, and thus tend to select choices that are familiar (i … risk-averse investors who select risky projects in an environment characterized by epistemic uncertainty (risk …