Business and Economics Journal

Uncertainty in the Economy and in Policy: Aggregate Export Dynamics and the Importance of Agreements

Abstract

Weikun Liang*

Uncertainty is a prevalent feature of the economy and policymaking process. In economic terms, uncertainty refers to the degree of variability and unpredictability in economic outcomes. In the policy realm, uncertainty refers to the unpredictability of policy outcomes and the complexity of the policymaking process. This article discusses the sources and effects of uncertainty in the economy and policymaking, as well as the challenges and strategies for managing uncertainty.