Every day, we express ourselves in 500 million tweets and 64 billion WhatsApp messages. We perform more than 250 million searches on eBay. On Facebook, 864 million of us log in to post status updates, comment on news stories, and share videos.
Uncertainty is confounding by its very definition. In the economy, uncertainty can arise from a number of different corners, including wars, natural disasters, and, of course, government decisions—or indecision.
When the global financial crisis erupted with full force in 2008, risk premia and borrowing costs surged around the world.
Government-related uncertainty is a relatively new concept that researchers are in the process of defining.