How certain are we about the role of uncertainty in the economy?

While causes and consequences of uncertainty in the US economy have attracted viable interest, literature still lacks a consensus on several aspects. To name two matters debate, it remains unclear whether shocks are source or result recessions adverse (or even stimulating) effects economy. We find that ambiguous results these regards can be traced back to selection an appropriate identification strategy structural vector autoregressive models. both macroeconomic financial exogenous business cycle fluctuations cause economic slowdowns.