Last edited by Mogar
Tuesday, July 21, 2020 | History

5 edition of Policy Uncertainty and Risk found in the catalog.

Policy Uncertainty and Risk

Conceptual Developments and Approaches

by Tomas Hellström

  • 146 Want to read
  • 13 Currently reading

Published by Springer .
Written in English

    Subjects:
  • Central government policies,
  • Economic Policy,
  • Public Policy,
  • Political Science,
  • Business / Economics / Finance,
  • Science/Mathematics,
  • Corporate Finance,
  • General,
  • Business & Economics / Economics / General,
  • Development - Economic Development,
  • Public Policy - General,
  • Policy sciences,
  • Risk management,
  • Uncertainty

  • The Physical Object
    FormatHardcover
    Number of Pages152
    ID Numbers
    Open LibraryOL11152424M
    ISBN 100792372344
    ISBN 109780792372349

      This is a book of about collected essays by authors attempting to deal with risk and uncertainty as it applies to problems such as climate change and environmental problems among others.I will concentrate on the essay written by Quiggen as well as the essay written by major problem with both essays is that the authors are /5(3). "Policy Uncertainty and Risk presents a contribution to risk analysis and risk management in public policy and management at large. Special emphasis is put on the utilization of scientific knowledge by decision-makers in instances when knowledge in both spheres of science and administration is highly uncertain and contested.

    The definition of risk in ISO and ISO include the phrase “ effect of uncertainty”. Let’s remove some of the uncertainty around the term uncertainty in the context of risk and risk management. An Uncertainty Definition or Two. In ISO , within the definition of risk a note expands on the term uncertainty. Policy Uncertainty, Political Capital, and Firm Risk-Taking Pat Akeyy University of Toronto Stefan Lewellenz London Business School Janu Abstract We document a new \policy sensitivity" channel of corporate political contributions. Firms that are highly sensitive to government policy uncertainty have a stronger incentive to con-.

    This paper investigates the effect of economic policy uncertainty on mutual fund’s risk adjusting behavior by using the data of active management mutual funds operated in in China. The empirical result shows a strong positive relationship between economic policy uncertainty and mutual fund’s risk level. Moreover, mutual funds which performed better in the previous period are more. Policy uncertainty (also called regime uncertainty) is a class of economic risk where the future path of government policy is uncertain, raising risk premia and leading businesses and individuals to delay spending and investment until this uncertainty has been resolved. Policy uncertainty may refer to uncertainty about monetary or fiscal policy, the tax or regulatory regime, or uncertainty.


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Policy Uncertainty and Risk by Tomas Hellström Download PDF EPUB FB2

We examine the impact of economic policy uncertainty on risk spillovers within the Euro-zone. • We adapt the method developed by Adrian and Brunnermeier (forthcoming) to measure sovereign bond's risk spillovers.

• We use a panel data model with economic policy uncertainty indices proposed by Baker et al. () as regressors. •Cited by: Using a quantile regression model, this study examines economic policy uncertainty and investors’ attention for policy risk on US real estate investment trusts' (REITs') herding behaviors.

We consider information demand and supply as indicators for investors’ consequent reactions to economic policy uncertainty. Policy Uncertainty and Risk presents a contribution to risk analysis and risk management in public policy and management at large.

Special emphasis is put on the utilization of scientific knowledge by decision-makers in instances where knowledge in both spheres of science and administration is highly uncertain and contested.

"Uncertainty is a risk analysis textbook that Granger Morgan and Max Henrion have written to serve as a basic text for students as well as a reference work for practitioners and researchers.

Uncertainty succeeds both in providing an excellent basis for policy analysis and in drawing upon a variety of case studies that will be of interest to Cited by: Book Description. This edited volume looks at whether it is possible to be more transparent about uncertainty in scientific evidence without undermining public understanding and trust.

With contributions from leading experts in the field, this book explores the communication of risk and decision-making in an increasingly post-truth world. 1. Introduction. In this study, we empirically investigate the influence of economic policy uncertainty (EPU) on stock price crash risk, which refers to a significant negative drop in stock price, in the Chinese A-share ic policies, including monetary, fiscal, regulatory and tax affairs, shape the environments where firms operate.

DOI link for Uncertainty and Risk. Uncertainty and Risk book. Multidisciplinary Perspectives. Uncertainty and Risk. DOI link for Uncertainty and Risk. Uncertainty and Risk book. From the unknowns of living with the risks of terrorism to developing policies on genetically modified foods, or disaster planning for catastrophic climate change.

Given the ubiquity of risk in almost every human activity, it is surprising how little consensus there is about how to define risk. The early discussion centered on the distinction between risk that could be quantified objectively and subjective risk.

InFrank Knight summarized the difference between risk and uncertainty thus3. This edited volume looks at whether it is possible to be more transparent about uncertainty in scientific evidence without undermining public understanding and trust.

With contributions from leading experts in the field, this book explores the communication of risk and decision-making in an increasingly post-truth world.

We develop a new method to measure economic policy uncertainty and test its dynamic relationship with output, investment, and employment. We find that, sinceeconomic policy uncertainty in the United States has been at a level approximately two times its long run average.

We extend our approach to other countries, finding elevated levels of economic policy uncertainty abroad, as well. To analyze how China's economic policy uncertainty influences firm value, our first task is to document how firms differ in their exposure to the political uncertainty.

We estimate each firm's exposure to economic policy uncertainty following Pástor and Veronesi (), Brogaard and Detzel (), Francis et al. () and Bonaime et al. Policy Uncertainty and Risk presents a contribution to risk analysis and risk management in public policy and management at large.

Special emphasis is put on the utilization of scientific knowledge by decision-makers in instances where knowledge in both spheres of science and administration is highly uncertain and contested. The book therefore Cited by:   Both risk and uncertainty are neo-liberal concepts, which can be viewed as complementary techniques for governing diverse aspects of life, rather than natural states of things.

This new book examines the way these constructs govern the production of wealth through 'uncertain' speculation and 'calculable' investment formulae. During high policy uncertainty periods, we document a positive association between debt maturity and credit quality in which firms with higher credit quality tend to lengthen their debt maturity.

Thus, when policy uncertainty is high, the costs of the liquidity/refinancing risk outweigh the costs of underinvestment and mispricing of long-term debt. The themes 'trust', 'risk ' and 'uncertainty' seem especially pertinent in the context of the post-9/11 world. This book brings together a range of new research with a focus on the 'risk society' debate and on the themes of 'trust', 'uncertainty' and 'ambivalence'.

Where much of the work within. This book identifies how climate change policy uncertainty may affect investment behaviour in the power sector. For power companies, where capital stock is intensive and long-lived, those risks rank among the biggest and can create an incentive to delay investment.

Our analysis results show that the risk premiums of climate change uncertainty. Explores methods for the representation and treatment of uncertainty in risk assessment.

In providing guidance for practical decision-making situations concerning high-consequence technologies (e.g., nuclear, oil and gas, transport, etc.), the theories and methods studied in Uncertainty in Risk Assessment have wide-ranging applications from engineering and medicine to environmental impacts.

In Risk, Choice, and Uncertainty, George Szpiro presents a remarkably readable, nonmathematical account of the theory of choice between risky Markowitz, winner of the Nobel Prize in Economic Sciences Risk, Choice, and Uncertainty is a masterpiece of intellectual biography. In his best book to date, Szpiro’s wit and stylish writing make the history of thinking about.

One important way in which policy-makers have increasingly sought to deal with such uncertainty is through approaches rooted in understandings of risk. This book comprises a rather diverse collection of six chapters, alongside one more explicitly theoretical introduction, each taking up a distinct perspective in scrutinising the relationship Author: Patrick Brown, Anna Olofsson.

Given the difficulties of measuring tax risk, we utilize four different proxies that prior research indicates capture greater tax-related uncertainty, including total unrecognized tax benefits (UTBs), current UTBs, discretionary permanent book-tax differences, and volatility in.

Frank Knight was an idiosyncratic economist who formalized a distinction between risk and uncertainty in his book, Risk, Uncertainty, and Profit. As Knight saw it, an ever-changing world brings new opportunities for businesses to make profits, but also means we have imperfect knowledge of future events.

For the uninformed, risk is measurable and uncertainty is not. Thus, risk can be accepted or declined (for instance by hedges or insurance) by the party at risk. Uncertainty offers no such alternative. That is why uncertainty in public policy, such as tax changes, regulatory action and entanglements with the judiciary are anathema to s:   1.

Introduction. Recent economic and political events have renewed interest in the economic impact of policy uncertainty (Bloom, ).A number of empirical investigations have been carried out to examine the effect of policy shocks on a large set of economic variables such growth, inflation and employment (Fernandez-Villaverde et al., ).However, relatively little attention has .