expectation dispersion and economic uncertainty for the stock-market reaction to indicator releases. We find that the strength of …. Uncertainty, in contrast, increases the response. We rationalize our findings in a model of imperfect information. In the model … content of indicators, while higher fundamental uncertainty makes this informational content more valuable. …

expectation dispersion and economic uncertainty for the stock-market reaction to indicator releases. We find that the strength of …. Uncertainty, in contrast, increases the response. We rationalize our findings in a model of imperfect information. In the model … content of indicators, while higher fundamental uncertainty makes this informational content more valuable. …

— change when investor demand for information is likely to be especially high, i.e., during periods of high uncertainty …. Findings reveal that when uncertainty is high, analysts' forecasts are more timely but less accurate. However, analysts … findings resulting from uncertainty in general rather than just uncertainty associated with market declines. We also examine …

with this hypothesis, we show that a one-standard-deviation increase in aggregate uncertainty amplifies the predictive … ability of sentiment for market returns by two to four times relative to when uncertainty is at its mean. We find similar … sensitive to sentiment and for anomaly returns is substantially larger in times of higher uncertainty. The results hold for both …

Using the economic policy uncertainty (EPU) index of Baker et al. (2016), we examine the influence of EPU on the … uncertainty and Japanese trade policy uncertainty are particularly important in generating forecast dispersion. The empirical …

uncertainty and recursive utility function. Within such a framework, the negative volatility risk premium implied from option …