We survey literature on ambiguity with an emphasis on recent applications in
macroeconomics and finance. Like risk, ambiguity leads to cautious behavior and …

UK households that wish for lower inflation and lower nominal interest rates have higher
expected inflation. We interpret the evidence through the lens of a New Keynesian model …

This article investigates the interplay between the exchange rate pressure (ERP), which is a
proxy for export demand and foreign financial flows shocks, and fiscal redistribution in …

We assess the roles of personal income tax and fiscal redistribution in income inequality for
30 Sub-Saharan Africa economies from 1980 to 2020, employing the dynamic common …

Uncertainty is one of the most important issues for economic actors. Uncertainty abouttax,
expenditure and debt policy has an impact on the economy. The central questionin this …

Higher uncertainty about government spending generates a persistent decline in the
economic activity in the Euro Area. This paper emphasizes the transmission channels …

I exploit heterogeneous impulse responses at the household level due to limited stock
market participation to provide novel evidence on the degree of nominal rigidities. A number …

We analyze heterogeneous effects of US monetary policy uncertainty shock across different
exchange rate regimes. We find that a shock to US monetary policy uncertainty incurs larger …

Higher uncertainty about government spending generates a persistent decline in the
economic activity in the Euro Area. This paper emphasizes the transmission channels …

Multiple studies have discovered a role for uncertainty in describing output and employment.
None have separated uncertainty into policy uncertainty and non-policy uncertainty and …