paper begins with a discussion of the positive theory of wage taxation and labor supply under uncertainty. This is followed … simultaneous uncertainty and inequality is discussed. In this part of the paper it is assumed that the government's objective is to …

We review the literature on uncertainty shocks and business cycle research. First, we motivate the study of uncertainty … mechanisms that researchers have postulated to link uncertainty shocks and business cycles. Third, we outline how we can specify … uncertainty shocks. Fourth, we postulate a real business cycle model augmented with financial frictions and uncertainty shocks …

uncertainty, a 5.5 percent log return would permit the benchmark benefits to be purchased with PRA deposits of 3.1 percent of …

resolution of uncertainty and long-run impact of temperature on growth imply a significant SCC and motivate early actions to …

unemployment rate gap. It gives a measure of global macroeconomic uncertainty and is robustly priced in currency excess returns. A …

We provide evidence on the relationship between aggregate uncertainty and the macroeconomy. Identifying uncertainty … are robustly followed by contractions, while shocks to forward-looking uncertainty have no significant effect on the … realization of volatility, rather than uncertainty about the future, that has been associated with declines …

Uncertainty appears to have both a short-run and a long-run component, which we measure using firm and macro implied … volatility data from options of 30 days to 10 years duration. We ask what may be driving uncertainty over these different time … horizons, finding that oil price volatility is particularly important for short-run uncertainty, policy uncertainty is …