and suggest the use of disaggregated investment data to deepen our knowledge on the relationship between uncertainty and …A sudden change in monetary policy happened in Switzerland on January 15th, 2015. The Swiss National Bank removed a … lower exchange rate bound vis-à-vis the Euro. This unexpected change of regime induced a temporary uncertainty about future …

and suggest the use of dis-aggregated investment data to deepen our knowledge on the relationship between uncertainty and …A sudden change in monetary policy happened in Switzerland on January 15th, 2015. The Swiss National Bank removed a … lower exchange rate bound vis-à-vis the Euro. This unexpected change of regime induced a temporary uncertainty about future …

-related investment cost is uncertain. Holding the average one-period investment cost constant, policy uncertainty leads to a higher … capital price and subsequently to lower levels of long-run aggregate investment and output. Policy uncertainty also makes … the simulated investment sequences from the model mimic the actual investment sequences. I find that policy uncertainty …

: capital investment, hiring, research and development, and advertising. We find that uncertainty depresses capital investment …There is wide debate over the impact of uncertainty on firm behavior, due to the difficulty both of measuring … uncertainty and of identifying causality. This paper takes three steps that attempt to address these challenges. First, we develop …

analysis of firm investment, suggesting that high uncertainty may transmit to investment and bank loans mainly through the real …This paper studies how high uncertainty affects corporate bank loans, addressing the important identification issue. In … times of high uncertainty, firms reduce their credit demand due to delayed investments or a deterioration in their credit …

investment (FDI) from its trend. Moreover, despite the quick recovery of local sales, Japanese MNCs in China have continued to …

branch is the theory of irreversible investment under uncertainty, the second the theory of competitive speculation in stocks … investment under uncertainty deals with problems of investment or planning where the investment outlay is irretrievable, once … spent. The combination of irreversibility and uncertainty has been shown to change the usual Marshallian action triggers …

investment's Value-at-Risk as a reasonable calculation of the worst threat an action appears to make possible, and its return … counterpart, referred to as the investment's Value-within-Reach, as a reasonable calculation of the best hope an action appears to …