This paper quantifies the economic impact of uncertainty shocks in the UK using data that span the recent Great Recession. We find that uncertainty shocks have

The authors conducted a systematic empirical study of cross-sectional inequality in the U.S., integrating data from various surveys. The authors follow the mapp

Policymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now tha

News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial

Bayesian econometric methods have enjoyed an increase in popularity in recent years. Econometricians, empirical economists, and policymakers are increasingly ma