Fluctuations in Uncertainty, Nicholas Bloom

Fluctuations in Uncertainty, Nicholas Bloom

Summarize 4 journals article. Word count is roughly 600 each.

Fluctuations in Uncertainty, Nicholas Bloom

Journal of Economic Perspectives—Volume 28, Number 2—Spring 2014—Pages 153–176

 

Uncertainty is an amorphous concept. It refl certainty is an amorphous concept. It refl ects uncertainty in the minds of ects uncertainty in the minds of consumers, managers, and policymakers about possible futures. It is also a onsumers, managers, and policymakers about possible futures. It is also a broad concept, including uncertainty over the path of macro phenomena road concept, including uncertainty over the path of macro phenomena like GDP growth, micro phenomena like the growth rate of fi ike GDP growth, micro phenomena like the growth rate of fi rms, and noneco- rms, and noneconomic events like war and climate change. In this essay, I address four questions omic events like war and climate change.

In this essay, I address four questions about uncertainty. bout uncertainty. First, what are some facts and patterns about economic uncertainty? Both irst, what are some facts and patterns about economic uncertainty? Both macro and micro uncertainty appear to rise sharply in recessions and fall in booms. acro and micro uncertainty appear to rise sharply in recessions and fall in booms. Uncertainty also varies heavily across countries—developing countries appear to ncertainty also varies heavily across countries—developing countries appear to have about one-third more macro uncertainty than developed countries