We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing … firms. Uncertainty measures are derived from firms' subjective qualitative expectations. They are close to their theoretical … counterparts, the variances of future demand and price shocks. We find that demand uncertainty depresses planned and realized …

We derive robust predictions on the effects of uncertainty on short run investment dynamics in a broad class of models … of UK firms and a stock returns-based measure of uncertainty. As predicted we find that uncertainty reduces firms …

for the influence of the cost of external finance and the impact of financial uncertainty, as proxied by the interest rate … in a panel of 14 OECD countries from 1970 to 2010. -- accumulation ; financial markets ; conventions ; uncertainty …

constraints or uncertainty, as these different explanatory factors have different policy implications. This paper presents an … Financial Crisis. Moreover, our results also underline the importance of uncertainty, whereas measures of capital cost seem to …

Recent empirical studies suggest that the negative effects of uncertainty shocks are stronger in recessions than during … argument that the effect of uncertainty on investment depends on the degree of irreversibility. I then show that the degree of … irreversibility increases during recessionary times. Incorporating this fact in a DSGE model with heterogeneous firms and uncertainty …

for the influence of the cost of external finance and the impact of financial uncertainty, as proxied by the interest rate …

Recent theoretical developments relating to investment under uncertainty have highlighted the importance of … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of … investment, the majority focusing on the relationship between investment flows and proxy measures of uncertainty. A general …

Recent theoretical developments relating to investment under uncertainty have highlighted the importance of … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of … investment, the majority focusing on the relationship between investment flows and proxy measures of uncertainty. A general …

This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate …