In a context of high economic uncertainty, this paper aims to analyse the impacts of uncertainty on income and wealth … this relationship in these countries and the first worldwide to assess the relationship between uncertainty and wealth … inequality. For that purpose, we use mixed-frequency SVAR models and proxy the uncertainty shock using the economic policy …

We propose a new instrument to identify uncertainty shocks in a SVAR model with external instruments. The instrument is … constructed by exploiting variations in the price of gold around events that capture periods of changes in uncertainty. The … variations in the price of gold around the events correlate with the underlying uncertainty shocks, due to the perception of gold …

variables into contributions from country-specific uncertainty and uncertainty common to all countries. We find that the common …

This paper investigates if the impact of uncertainty shocks on the US economy has changed over time. To this end, we … develop an extended Factor Augmented VAR model that simultaneously allows the estimation of a measure of uncertainty and its … time-varying impact on a range of variables. We find that the impact of uncertainty shocks on real activity and financial …

This paper uses a FAVAR model with stochastic volatility to estimate the impact of uncertainty shocks on real income … of the response to uncertainty shocks across states. The response is largest in Michigan, Indiana and Arkansas while the … real income in New York, Alaska and New Mexico seems least sensitive to uncertainty. We relate the cross section of …

We investigate how a macroeconomic uncertainty shock affects the labor market. We focus on the uncertainty transmission … factors from such indicators into a framework that can simultaneously estimate historical macroeconomic uncertainty and its …

variables for a large number of countries and decompose the variance of each variable in terms of contributions from uncertainty … common to all countries (global uncertainty), region-specific uncertainty and country-specific uncertainty. Among other … findings, the estimates suggest that global uncertainty plays a primary role in explaining the volatility of inflation …