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Discussion Paper

Some Implications of Knightian Uncertainty for Finance and Regulation


Abstract: With the recession of 2008, "uncertainty" became a buzzword. Since then, economists have largely shaped how policymakers, politicians, and the general public think about uncertainty, through, among other means, models that explicitly account for uncertainty.

https://doi.org/10.17016/2380-7172.0013

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Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2014-04-10

Number: 2014-04-10

Order Number: 2014-04-10