What drives the compensation in equity markets? This article shows that perceptions of long run growth and economic uncertainty in the economy play an important role in determining the risk in equity markets. The size of the market risk premium, the level of the risk free rate, volatility of asset prices, and differences in the risk compensation across assets are shown to be related to risks pe...

addressing deficit irrigation scheduling (dis) for strategic crop production (especially wheat) under precipitation uncertainty is a priority for irrigation scheduling in drought conditions. this research investigated the precipitation uncertainty by enacting optimistic and pessimistic scenarios for the next 20 years by considering the statistical record of climate in badjgah area. dis was cond...

Recent fiscal interventions have raised concerns about US public debt, future fiscal pressure, and long-run economic growth. This paper studies fiscal policy design in an economy in which: (i) the household has recursive preferences and is averse to both shortand long-run uncertainty, and (ii) growth is endogenously sustained through innovations whose market value is sensitive to the tax system...

Firms with private information about the outcomes of production under uncertainty may face capital (liquidity) constraints that prevent them from attaining efficient levels of investment in a world with costly and/or imperfect monitoring. As an alternative, we examine the efficiency of a simple pooling scheme designed to provide a public (cooperative) supply of liquidity that results in the fir...

Does uncertainty inevitably alter how Uganda’s fiscal policy and influences the country’s economic growth? Using most recent datasets rigorous econometric practice, we offer an empirical response to this fundamental topic. Indeed, several nations frequently tweak their policies as a way give countercyclical stimulus during periods of uncertainty. In fact, operations fluctuate regularly with seq...

Sustainable development, as a paradigm of global scale, is the basis uniting efforts people to improve living conditions and solve environmental problems. Reality shows how vulnerable ecosystems with well-established industrial, logistical, infrastructural ties have turned out be, which fail in face man-made, geopolitical cataclysms. But, if can preventively assess impact these factors, then pr...

This study provides cross country robust evidence on interdependencies among inflation, output growth and respective uncertainties for the current era of low inflation policies. We attribute the extant empirical disagreement on these relations to the fact that long sampling periods and single economies are typically considered for analysis. In this study, VARX-MGARCH-M models are estimated for ...