Gonzalo Rubio stresses that economic policy decisions must not forget the interaction between uncertainty and risk aversion



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## Gonzalo Rubio stresses that economic policy decisions must not forget the interaction between uncertainty and risk aversion

23/11/2018 |
SCP

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* [![ conferencia-gonzalo-rubio _S9B2863in](/com/noticies/2018/11/2q/conferencia-gonzalo-rubio/_S9B2863in.jpg)](#)

Gonzalo Rubio Irigoyen, Professor of Economics and Finance at the CEU Cardenal Herrera University, gave the lecture "Macroeconomics, Finance and Political Uncertainty" within the Series of Lectures of the Ciutat de Castelló Chair of the Universitat Jaume I.

Professor Rubio's lecture has focused on uncertainty, understood in general terms as the fluctuation or volatility of economic and political disturbances that are not predictable by economic agents, and how these have an enormous impact on  macroeconomics. However, the main message of this lecture has been that "risk aversion is the real engine that moves the main variables, both financial and macroeconomic; it is key to understanding the behavior of economic cycles and, above all, economic recessions".  
  
**[Images](https://www.uji.es/com/fotonoticies/arxiu/2018/11/gonzalo-rubio-2018/&idioma=ca)**

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