This paper quantifies the economic impact of uncertainty shocks in the UK using data that span the recent Great … Recession. We find that uncertainty shocks have a significant impact on economic activity in the UK, depressing industrial … negligible after 18 months. Interestingly, the impact of uncertainty shocks on industrial production in the UK is strikingly …

synthesis of the main sources of uncertainty as well as an illustration of their effects within an analytical framework. In … particular, it shows that depending on the type of uncertainty and the choice of the selected loss function, the recommendations …

Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in … recessions, and that uncertainty in initial output gap estimates persists several years. Only a small share of output gap …

measure and value uncertainty which are critical steps in decision making, real options are scarcely used in practice. The …

inspired by works done in institutional economics on uncertainty and extension service in agriculture. The analysis shows that …

uncertainty, for example with BSE or with endocrine disrupters. Risk managers need to take account of a wide range of factors when … with uncertainty and don’t expect ‘zero risk’. What’s needed is a democratic space for deliberating the …

synthesis of the main sources of uncertainty as well as an illustration of their effects within an analytical framework. In … particular, it shows that depending on the type of uncertainty and the choice of the selected loss function, the recommendations …

to states of uncertainty be explicitly dealt with. We argue that ‘knowledge,’ because of the existence of uncertainty is …