This paper assesses the risk arising from transition toward a low-emission economy and
examines its transmission channels within the financial system. The environmental dynamic …

This paper investigates the linear and nonlinear effects of financial regulation policy
uncertainty shocks on US macroeconomic aggregates within a Vector Autoregressive (VAR) …

Foreign measures of uncertainty, such as the US EPU index, are often used as a proxies for
domestic uncertainty in small open economies. We construct an EPU index for Sweden and …

We estimate a nonlinear VAR model to study the real effects of monetary policy shocks in
regimes characterized by high vs. low macroeconomic uncertainty. We find unexpected …

In this paper we investigate the effects of uncertainty shocks on economic activity in the euro
area by using a Dynamic Stochastic General Equilibrium (DSGE) model with heterogenous …

We show that an increase in aggregate uncertainty—measured by stock market volatility—
reduces productivity growth more in industries that depend heavily on external finance. The …

Precautionary pricing and increasing markups in representative‐agent DSGE models with
nominal rigidities are commonly used to generate negative output effects of uncertainty …

I document that US financial uncertainty shocks, measured by an increase in VIX, have a
substantial impact on the output of emerging market economies (EMEs) without a material …

Are uncertainty shocks a major source of business cycle fluctuations? This paper studies the
effect of a mean preserving shock to the variance of aggregate total factor productivity …

This article studies the effects of uncertainty shocks on economic activity, focusing on
inflation. Using a vector autoregression, I show that increased uncertainty has negative …