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Model Uncertainty and Policy Design

This article illustrates the main challenges and forces that emerge in optimal policy design when there are doubts about the probability model of uncertainty. Model doubts can stem from either the side of the public or the side of the policymaker, and they can give rise to cautious probabilistic assessments.
openaire   +2 more sources

Economic recovery and policy uncertainty [PDF]

open access: possible, 2012
Until some political mechanism creates incentives to elect moderate representatives who can reach across the ideological divide, the US seems destined to heightened levels of policy uncertainty for many years to come. Some research suggests that such uncertainty, particularly over economic policy, partly explains the sluggish nature of the recovery in ...
Scott R. Baker   +3 more
openaire   +1 more source

Effect of Uncertainty on Optimal Control Policies

International Economic Review, 1973
IN THIS PAPER, I will provide a method for ascertaining the optimal control policy and the associated welfare cost in a control problem where the welfare cost is quadratic and the econometric model used is linear and the values of its parameters are uncertain.
openaire   +2 more sources

Does climate policy uncertainty really affect corporate financialization?

Environment, Development and Sustainability, 2023
Xiaohang Ren   +3 more
semanticscholar   +1 more source

Climate policy uncertainty and risks taken by the bank: Evidence from China

International Review of Financial Analysis, 2023
Zhifeng Dai, Xiaotong Zhang
semanticscholar   +1 more source

Global climate policy uncertainty and financial markets

Journal of international financial markets, institutions, and money
Qiang Ji   +4 more
semanticscholar   +1 more source

Impact of economic policy uncertainty on CO2 emissions: evidence from top ten carbon emitter countries

Environmental science and pollution research international, 2021
M. K. Anser, N. Apergis, Q. Syed
semanticscholar   +1 more source

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