The purpose of the present paper is to describe the role of uncertainty and technical change in an environmental … context. Which impact does ecological uncertainty have on physical and R&D investments' decisions? How are pollution … trajectories modified when uncertainty is taken into account? To reply to these questions we modify the ETC-RICE model described in …

-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 …

of financial uncertainty over the period 1969-2008. We find evidence in favor of a systematic response to financial … uncertainty over and above that to expected inflation, output gap, and output growth. However, this evidence regards the Greenspan …

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 …

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. …