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They find that while the financial crisis of 2008 and its aftermath greatly elevated policy uncertainty in general, the debt-ceiling confrontation in summer 2011 produced the highest level of uncertainty since 1985, when their analysis begins.
In the TreeREx analysis, the consistent nodes are considered to be the most reliable, the 1-consistent nodes exhibit an intermediate level of certainty, and the fallback nodes have the highest level of uncertainty.
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As a consequence, our forecasts have an unusually high level of uncertainty.
"There's an especially high level of uncertainty in forecasting Medicare".
"Because it's hard to tell, that leaves a high level of uncertainty," he added, "and uncertainty in this type of environment is not good".
Another issue that you can front here: Globalization is going to be at a standstill for a while, until this high level of uncertainty diminishes.
Schools are facing "a high level of uncertainty and anxiety" over the Government's A-level reforms, the head of UCAS - the university admissions service - has warned.
"If you're a corporate executive in this environment, you face a higher level of uncertainty -- and more sources of uncertainty -- than you have in your career," said Robert D. Hormats, vice chairman of Goldman Sachs International.
We really hope the Egyptians manage to put together a functioning democracy, slowly but surely, but there is still a very high level of uncertainty".
That dynamic creates a higher level of uncertainty and risk for police officers and for the individuals, even in what could otherwise be routine situations.
New routes to work, new places of danger or safety, even an overall higher level of uncertainty about what a day will bring, gradually sink to the level of habit and thus subconscious control, they say.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com