of data is an important source of uncertainty about the state of the economy. This paper evaluates the quality of major … growing data uncertainty over the past decade for Euro area variables. As a robustness check, we reckon our results using US … data and additionally show that uncertainty calculations are robust towards changes in final revision definition. Moreover …

find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health conditions …

pricing model with a green-minus-brown (GMB) factor as a proxy. I estimate the relationship between risk factors and excess …-of-fit when flexibly estimating the relationship between risk factors and excess returns. I confirm previous studies finding that …

channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and …The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …

We propose a new method of estimating economic uncertainty, using dispersions of forecasts of a wide range of financial …-frequency state-space model, we construct ex-ante macroeconomic uncertainty estimates of the one-year ahead expected state of the … economy. Impulse responses show uncertainty shocks lead to a contraction in economic activity, and monetary policy expansion …

swan risk explain most of the fluctuations in uncertainty …Economic uncertainty is a powerful force in the modern economy. Research shows that surges in uncertainty can trigger … business cycles, bank runs and asset price fluctuations. But where do sudden surges in uncertainty come from? This paper …

We present an Uncertainty Perception Indicator (UPI) for Germany based on the dynamic topic modelling technique … this approach facilitates the close-to-realtime identification of both the magnitude of an uncertainty shock as well as its … uncertainty have different repercussions in the macroeconomy. Employing a Bayesian VAR approach, we analyze the effects of various …

institutional instability. We investigate the growth effects of institutional quality and instability, using the political risk …, e.g., decomposing the political risk index by using both its constituting components and the results of a principal …

In this paper we investigate transmission and spillovers of local and foreign economic policy uncertainty shocks to … addition to local effects we find foreign uncertainty shocks influence the Euro area but not the US unemployment. Moreover we … document weaker spillovers of both local and foreign uncertainty shocks in the more volatile times. …

channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and …The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …