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| fixed length control field |
01799nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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230915b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Garcia, Danilo Cascaldi et al |
| 245 ## - TITLE STATEMENT |
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| Title |
What is certain about uncertainty? |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
Journal of Economic Literature |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
61(2), Jun, 2023: p.624-654 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
This paper provides a comprehensive survey of existing measures of uncertainty, risk, and volatility, noting their conceptual distinctions. It summarizes how they are constructed, their relative advantages in usage, and their effects on financial market and economic outcomes. The measures are divided into four categories based on the construction methodology: news-based, survey-based, econometric-based, and market-based measures. While heightened uncertainty is typically associated with negative real and financial outcomes, the magnitude of these effects and the interpretation of transmission channels crucially depend on identification considerations This paper thoroughly examines various measures of uncertainty, risk, and volatility. It highlights their conceptual differences and outlines how they are created, their relative benefits, and their impact on financial markets and economic results. These measures fall into four categories: news-based, survey-based, econometric-based, and market-based. While increased uncertainty usually correlates with adverse real and financial consequences, the extent of these effects and their interpretation hinge on identification factors..- Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Uncertainty, Risk, Volatility, Measures, Construction methodology News-based Survey-based, Econometric-based, Market-based Identification, considerations |
| 9 (RLIN) |
43709 |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Journal of Economic Literature |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
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| Subject DIP |
ECONOMICS |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Articles |
