crises. This study aimed to build the uncertainty index and control it in the regression analysis model to solve the …

disappear when controlling for measures of uncertainty such as stock price volatility. Swiss bond prices rose when stock market … volatility was high thus offering insurance in times of uncertainty. …

the question of how one should measure vulnerability to shocks, when there is uncertainty concerning the productivity of …

framework, combined with parameter learning, features rich history-dependent uncertainty dynamics. We show that bad news that … greatly amplified when agents have a preference for early resolution of uncertainty. We leverage survey recession probability … historical periods in which uncertainty and risk premia were elevated because of news shocks. …