Does increased policy uncertainty dampen investment plans of firms? We provide direct evidence on this question by … induced policy uncertainty have revised their investment plans differently from those that did not perceive an increase in … uncertainty. We find strong evidence that an increase in policy uncertainty does lead firms to reduce their investment plans. As …

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 …

the literature, our empirical findings reveal a negative impact of firm-specific uncertainty on investment. However … adjust their investment if the realized situation is better than expected, which suggests that the uncertainty effect …This paper analyzes how firm-specific uncertainty affects firms’ propensity to invest. We measure firm …

adjust investment if the realised situation is better than expected suggesting that the uncertainty component of the forecast …–2011 affect firms’ investment propensity. Understanding how forecast errors affect firm investment behaviour is key to mitigate … impact of absolute forecast errors on investment. Strikingly, asymmetries arise depending on the size and direction of the …

Does increased policy uncertainty dampen investment plans of firms? We provide direct evidence on this question by … induced policy uncertainty have revised their investment plans differently from those that did not perceive an increase in … uncertainty. We find strong evidence that an increase in policy uncertainty does lead firms to reduce their investment plans. As …

Does increased policy uncertainty dampen investment plans of firms? We provide direct evidence on this question by … induced policy uncertainty have revised their investment plans differently from those that did not perceive an increase in … uncertainty. We find strong evidence that an increase in policy uncertainty does lead firms to reduce their investment plans. As …

under uncertainty. The paper focuses on the heterogeneity of firm level investment responses to both demand and supply side … sources of uncertainty. Accordingly, the investment-uncertainty relationship is examined across groups of firms with varying … degrees of investment irreversibility defined on the basis of market structures and access to secondary markets for capital …

In Switzerland a sudden policy uncertainty shock happened in February 2014 with the close and largely unexpected … consequences of this substantial policy uncertainty shock on firms' private fixed investment and employment plans. We find that … those firms that believe that potential growth in Switzerland will deteriorate and those that report that investment …

This paper studies the aggregate implications of microeconomic investment irreversibility and idiosyncratic uncertainty … sector and show the different implications of idiosyncratic and aggregate uncertainty on growth dynamics. …