The Cost of Uncertainty
| dc.contributor.affiliation | Universidad EAFIT | |
| dc.contributor.author | Posada, Carlos Esteban | |
| dc.coverage.spatial | 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 | eng |
| dc.creator.email | cposad025@eafit.edu.co | |
| dc.date.accessioned | 2024-09-27T14:01:00Z | |
| dc.date.available | 2024-09-27T14:01:00Z | |
| dc.date.issued | 2024-01 | |
| dc.description.abstract | 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. | eng |
| dc.identifier.jel | E13 | |
| dc.identifier.jel | E14 | |
| dc.identifier.jel | E21 | |
| dc.identifier.jel | E24 | |
| dc.identifier.jel | E27 | |
| dc.identifier.uri | https://hdl.handle.net/10784/34627 | |
| dc.language.iso | eng | eng |
| dc.publisher | Universidad EAFIT | spa |
| dc.publisher.department | Escuela de Economía y Finanzas. Centro Valor Público | spa |
| dc.rights.accessrights | info:eu-repo/semantics/openAccess | eng |
| dc.rights.local | Acceso abierto | spa |
| dc.subject.keyword | Interest rate | eng |
| dc.subject.keyword | Investment | eng |
| dc.subject.keyword | Output growth rate | eng |
| dc.subject.keyword | Risk | eng |
| dc.subject.keyword | Savings | eng |
| dc.subject.keyword | Uncertainty | eng |
| dc.title | The Cost of Uncertainty | eng |
| dc.title | El Costo de la Incertidumbre | spa |
| dc.type | workingPaper | eng |
| dc.type | info:eu-repo/semantics/workingPaper | eng |
| dc.type.coar | http://purl.org/coar/resource_type/c_8042 | eng |
| dc.type.hasVersion | draft | eng |
| dc.type.hasVersion | Versión publicada | spa |
| dc.type.local | Documento de trabajo de investigación | spa |
| dc.type.redcol | http://purl.org/redcol/resource_type/WP | eng |
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