Ramsey allocation, to first-best allocation. The focus is on the source and size of uncertainty, and how this affects optimal …

Environmental policy often has to be devised under informational constraints, like uncertainty and asymmetric …

The argument that policy risk, i.e. uncertainty about monetary and fiscal policy, has been holding back the economic … business cycle fluctuations by using an estimated New Keynesian model featuring policy risk as well as uncertainty about … technology. We directly measure uncertainty from aggregate time series using Sequential Monte Carlo Methods. While we find …

We study the effects of uncertainty on the allocation of resources in the standard, static, general equilibrium, two … whether uncertainty attracts or repels resources. Risk aversion matters, but to a smaller extent, while factor endowments and …

. Finiteness of equilibria for regular two period production economies with uncertainty follows from this property. …

The argument that policy risk, i.e. uncertainty about monetary and fiscal policy, has been holding back the economic … business cycle fluctuations by using an estimated New Keynesian model featuring policy risk as well as uncertainty about … technology. We directly measure uncertainty from aggregate time series using Sequential Monte Carlo Methods. While we find …