Search Results for Knightian Uncertainty

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This paper investigates the effects of national culture on firm risk-taking, using a...

During the 1970s, international lending by banks came to play a dominant role in the flow of...

Do persistently low nominal interest rates mean that governments can safely borrow more? To...

We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards...

Macroeconomic forecasts are persistently too optimistic. This paper finds that common factors...

We show that an increase in aggregate uncertainty—measured by stock market volatility—reduces...