Uncertainty about Uncertainty - speech by Kristin Forbes

Speech given at J.P. Morgan Cazenove “Best of British” Conference, London.
Published on 23 November 2016

Kristin considers whether, given the UK economic performance since the referendum, economists have been guilty of overestimating the negative economic effects of uncertainty. In an attempt to understand this issue, she addresses three key questions:

  • How should we measure uncertainty?
  • Do different measures of uncertainty affect different sectors of the economy?
  • How will heightened uncertainty in the UK today affect the economy in future?

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