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Søren Johansen

By this expert

Asset Prices Under Knightian Uncertainty

Paper Working Paper | | Dec 2021

A tractable formalization of the Knightian uncertainty faced by an economist and market participants in an intertemporal asset-price model.

The Knightian Uncertainty Hypothesis: Unforeseeable Change and Muth’s Consistency Constraint in Modeling Aggregate Outcomes

Paper Working Paper Series | | Mar 2019

This paper introduces the Knightian Uncertainty Hypothesis (KUH), a new approach to macroeconomics and finance theory.

The Qualitative Expectations Hypothesis

Paper Working Paper Series | | Jun 2017

Model Ambiguity, Consistent Representations of Market Forecasts, and Sentiment

Featuring this expert

Why We Need the Knightian Uncertainty Hypothesis

Article | Mar 4, 2019

INET’s President introduces a new research program that challenges orthodox assumptions about the limits of economic knowledge

INET Announces Program on Knightian Uncertainity Economics

News Mar 4, 2019

Rethinking the role of markets and government policy in light of our inherently limited ability to foresee economic and social outcomes

Knightian Uncertainty Economics (KUE)

Research Program

Rethinking the role of markets and government policy in light of our inherently limited ability to foresee economic and social outcomes