The cost of uncertainty
Fuente:
arXiv
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| Autor principal: | |
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| Formato: | Preprint |
| Publicado: |
2024
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| Acceso en línea: | |
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| _version_ | 1866929514981883904 |
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| author | Posada, Carlos Esteban Posada |
| author_facet | Posada, Carlos Esteban Posada |
| contents | The traditional and most common view of economists on the issue of (bad) uncertainty and its effects has been one of partial equilibrium. When the topic is approached from a macroeconomic perspective, the most frequent has been the examination of the effects of uncertainty shocks on short-term dynamics with various methods, but mainly with neo-Keynesian and statistical (vector autoregressive) models. This document responds to another concern and has two objectives: 1. to reflect on this issue with some instruments of the macroeconomist's toolbox related to a medium or long-term horizon, and 2. report a ciphering of the social cost of uncertainty in the Colombian case. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2409_16550 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | The cost of uncertainty Posada, Carlos Esteban Posada General Economics Economics The traditional and most common view of economists on the issue of (bad) uncertainty and its effects has been one of partial equilibrium. When the topic is approached from a macroeconomic perspective, the most frequent has been the examination of the effects of uncertainty shocks on short-term dynamics with various methods, but mainly with neo-Keynesian and statistical (vector autoregressive) models. This document responds to another concern and has two objectives: 1. to reflect on this issue with some instruments of the macroeconomist's toolbox related to a medium or long-term horizon, and 2. report a ciphering of the social cost of uncertainty in the Colombian case. |
| title | The cost of uncertainty |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2409.16550 |