This survey features three parts. The first one reviews the most recent literature on the
relationship between domestic (ie, country‐specific) uncertainty and the business cycle, and …

This paper quantifies the finance uncertainty multiplier (ie, the magnifying effect of the real
impact of uncertainty shocks due to credit frictions) by relying on two historical events related …

This paper investigates the impact of monetary policy shocks on macroeconomic and
financial variables in the United Kingdom using a new series of high-frequency monetary …

We estimate a novel measure of global financial uncertainty (GFU) with a dynamic factor
framework that jointly models global, regional, and country‐specific factors. We quantify the …

We develop methods for robust Bayesian inference in structural vector autoregressions
(SVARs) where the parameters of interest are set-identified using external instruments, or …

This survey features three parts. The first one covers the recent literature on domestic (ie,
country-specific) uncertainty and offers ten main takeaways. The second part reviews …

This study employs a Bayesian panel vector autoregressive model to examine the impact of
economic uncertainty on public health, using an annual, country-level panel dataset of 103 …

Proxy structural vector autoregressions identify structural shocks in vector autoregressions
with external variables that are correlated with the structural shocks of interest but …

An increase in uncertainty is not contractionary per se. What is contractionary is a widening
of the left tail of the GDP growth forecast distribution, the downside uncertainty. On the …

We discuss combining sign restrictions with information in external instruments (proxy
variables) to identify structural vector autoregressive (SVAR) models. In one setting, we …