View in browser<https://www.oenb-events.at/mailview/51c213d15879a90842106e6b1da6a2e515e37e52> [Eventheader] OeNB-Freitagsseminar with Francesco Zanetti Agreed and Disagreed Uncertainty Dear Sir or Madam, We have the pleasure of inviting you to the OeNB-Freitagsseminar with Francesco Zanetti, University of Oxford, which the Oesterreichische Nationalbank (OeNB) will host on 6 December 2024. Title “Agreed and Disagreed Uncertainty” Abstract When agents’ information is imperfect and dispersed, existing measures of macroeconomic uncertainty based on the forecast error variance have two distinct drivers: the variance of the economic shock and the variance of the information dispersion. The former driver increases uncertainty and reduces agents’ disagreement (agreed uncertainty). The latter increases both uncertainty and disagreement (disagreed uncertainty). We use these implications to identify empirically the effects of agreed and disagreed uncertainty shocks, based on a novel measure of consumer disagreement derived from survey expectations. Disagreed uncertainty has no discernible economic effects and is benign for economic activity, but agreed uncertainty exerts significant depressing effects on a broad spectrum of macroeconomic indicators. Date Friday, 6 December 2024 | Start: 11:00 AM | End: 12:30 PM Venue The event is planned both, online via Webex and onsite at the Online via Webex, Conference language English Join us by registering by 4 December 2024, at the latest. registration <https://www.oenb-events.at/en/oenb-freitagsseminar-with-francesco-zanetti/registration/> We look forward to having you join us at the OeNB-Freitagsseminar with Francesco Zanetti. Yours sincerely, OeNB Event Management If you do have any questions or want to notify us of any address changes, please contact: Susanne Roubinek E-Mail: event-management@oenb.at<mailto:event-management@oenb.at> Facebook <https://www.facebook.com/nationalbankoesterreich> | X <https://twitter.com/oenb> | YouTube <https://www.youtube.com/channel/UC6Zh1yqL4iYj89jzP7tOFvg> | Instagram <https://www.instagram.com/nationalbank_oesterreich/> | LinkedIn <https://www.linkedin.com/company/oesterreichische-nationalbank/> Data Protection<https://www.oenb-events.at/en/oenb-freitagsseminar-with-francesco-zanetti/privacy?accessCode=ZkfXFxHs> Diese E-Mail kann vertrauliche Informationen enthalten und irrtümlich an Sie gelangt sein. In diesem Fall informieren Sie bitte sofort die Absenderin bzw. den Absender und vernichten Sie diese E-Mail. Das unerlaubte Kopieren sowie die unbefugte Weitergabe dieser Mail oder von Teilen dieser Mail sind nicht gestattet. Informationen gemäß DSGVO zur Verarbeitung personenbezogener Daten durch die OeNB finden Sie unter www.oenb.at/datenschutz<https://www.oenb.at/datenschutz>.