The Cost of Uncertainty

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 dynam...

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Autores:
Posada, Carlos Esteban
Tipo de recurso:
Work document
Fecha de publicación:
2024
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/34627
Acceso en línea:
https://hdl.handle.net/10784/34627
Palabra clave:
Interest rate
Investment
Output growth rate
Risk
Savings
Uncertainty
Rights
License
Acceso abierto
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spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2024-09-27T14:01:00Z2024-012024-09-27T14:01:00Zhttps://hdl.handle.net/10784/34627E13E14E21E24E27The 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 neoKeynesian 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.engUniversidad EAFITEscuela de Economía y Finanzas. Centro Valor PúblicoThe Cost of UncertaintyEl Costo de la IncertidumbreworkingPaperinfo:eu-repo/semantics/workingPaperDocumento de trabajo de investigacióndraftVersión publicadahttp://purl.org/redcol/resource_type/WPhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_b1a7d7d4d402bcceAcceso abiertohttp://purl.org/coar/access_right/c_abf2Interest rateInvestmentOutput growth rateRiskSavingsUncertaintyPosada, Carlos Estebancposad025@eafit.edu.coUniversidad EAFITORIGINALWP_2024_06_The_cost_of_uncertainty.pdfTexto completoapplication/pdf530488https://repository.eafit.edu.co/bitstreams/e19810e3-204b-43b0-91e4-a779fc44442a/download0c71bf04400225777191263da96dc086MD5110784/34627oai:repository.eafit.edu.co:10784/346272024-09-27 09:02:59.228open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv The Cost of Uncertainty
dc.title.spa.fl_str_mv El Costo de la Incertidumbre
title The Cost of Uncertainty
spellingShingle The Cost of Uncertainty
Interest rate
Investment
Output growth rate
Risk
Savings
Uncertainty
title_short The Cost of Uncertainty
title_full The Cost of Uncertainty
title_fullStr The Cost of Uncertainty
title_full_unstemmed The Cost of Uncertainty
title_sort The Cost of Uncertainty
dc.creator.fl_str_mv Posada, Carlos Esteban
dc.contributor.author.none.fl_str_mv Posada, Carlos Esteban
dc.contributor.affiliation.none.fl_str_mv Universidad EAFIT
dc.subject.keyword.eng.fl_str_mv Interest rate
Investment
Output growth rate
Risk
Savings
Uncertainty
topic Interest rate
Investment
Output growth rate
Risk
Savings
Uncertainty
description 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 neoKeynesian 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.
publishDate 2024
dc.date.available.none.fl_str_mv 2024-09-27T14:01:00Z
dc.date.issued.none.fl_str_mv 2024-01
dc.date.accessioned.none.fl_str_mv 2024-09-27T14:01:00Z
dc.type.eng.fl_str_mv workingPaper
info:eu-repo/semantics/workingPaper
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_b1a7d7d4d402bcce
dc.type.local.spa.fl_str_mv Documento de trabajo de investigación
dc.type.hasVersion.eng.fl_str_mv draft
dc.type.hasVersion.spa.fl_str_mv Versión publicada
dc.type.redcol.eng.fl_str_mv http://purl.org/redcol/resource_type/WP
dc.type.coar.eng.fl_str_mv http://purl.org/coar/resource_type/c_8042
format http://purl.org/coar/resource_type/c_8042
dc.identifier.uri.none.fl_str_mv https://hdl.handle.net/10784/34627
dc.identifier.jel.none.fl_str_mv E13
E14
E21
E24
E27
url https://hdl.handle.net/10784/34627
identifier_str_mv E13
E14
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dc.language.iso.eng.fl_str_mv eng
language eng
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.local.spa.fl_str_mv Acceso abierto
rights_invalid_str_mv Acceso abierto
http://purl.org/coar/access_right/c_abf2
dc.coverage.spatial.eng.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.publisher.department.spa.fl_str_mv Escuela de Economía y Finanzas. Centro Valor Público
institution Universidad EAFIT
bitstream.url.fl_str_mv https://repository.eafit.edu.co/bitstreams/e19810e3-204b-43b0-91e4-a779fc44442a/download
bitstream.checksum.fl_str_mv 0c71bf04400225777191263da96dc086
bitstream.checksumAlgorithm.fl_str_mv MD5
repository.name.fl_str_mv Repositorio Institucional Universidad EAFIT
repository.mail.fl_str_mv repositorio@eafit.edu.co
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