We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate...

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate...

Theoretical results based on the asymmetric-information driven credit-market channel, and the real-options mechanism, imply that greater uncertainty is expected to affect entry, exit, and the number of businesses. In this paper we empirically examine the impact of uncertainty on the number of...