2024-09-272024-01https://hdl.handle.net/10784/34627The 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.engworkingPaperinfo:eu-repo/semantics/openAccessInterest rateInvestmentOutput growth rateRiskSavingsUncertaintyAcceso abierto2024-09-27E13E14E21E24E27Posada, Carlos Esteban