Session 17: The Macroeconomics of Uncertainty and Volatility

The session will cover recent work on the causes and effects of changes in volatility and uncertainty in the aggregate economy, which is incredibly topical in light of the current events such as tariffs, fiscal and regulatory policy changes, and geopolitical tension. This session will focus on measuring changes in uncertainty, evaluating its impact on the US and global economy, and discussing policy responses. The mix of academics and policy makers across multiple institutions reflects this broad interest. The session will aim to include about 20 recent papers on these topics, with as in prior years a mix of theoretical and empirical papers, junior and senior presenters.