“...The aim of this article is to survey the huge literature that has emerged in the last four decades following Nordhaus’s (Rev Econ Stud 42(2):169–190, 1975)...”

“...This paper asks how well Okun's Law fits short‐run unemployment movements in the United States since 1948 and in 20 advanced economies since 1980. We find that...”

“...This paper investigates the effect of oil price uncertainty on global real economic activity using a quarterly vector autoregressive model with stochastic...”

“...We propose a measure of systemic risk, ΔCoVaR, defined as the change in the value at risk of the financial system conditional on an institution being under...”

“...This paper exploits a data rich environment to provide direct econometric estimates of time-varying macroeconomic uncertainty. Our estimates display...”

“...The downturn of 2008–09 has confirmed that: (i) housing is the single most critical part of the U.S. business cycle, (ii) the proper conduct of monetary policy...”

“...This article proposes a uncertainty composite indicator (UCI) based on three distinct sources of uncertainty (namely financial, political, and macroeconomic)...”

“...This paper studies the impact of the volatility of monetary policy using a structural vector auroregression (SVAR) model enriched along two dimensions. First,...”

“...We investigate whether US government spending multipliers are higher during periods of economic slack or when interest rates are near the zero lower bound...”

“...This paper studies the dynamic behavior of an economy under different environmental policy regimes in a New Keynesian model with nominal and real uncertainty...”