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Why Has US Policy Uncertainty Risen since 1960?

Scott Baker (), Nicholas Bloom (), Brandice Canes-Wrone, Steven Davis () and Jonathan Rodden

American Economic Review, 2014, vol. 104, issue 5, 56-60

Abstract: We consider two classes of explanations for the rise in policy-related economic uncertainty in the United States since 1960. The first stresses growth in government spending, taxes, and regulation. A second stresses increased political polarization and its implications for the policymaking process and policy choices.

JEL-codes: D72 E23 E52 E61 E62 H50 L51 (search for similar items in EconPapers)
Date: 2014
Note: DOI: 10.1257/aer.104.5.56
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Handle: RePEc:aea:aecrev:v:104:y:2014:i:5:p:56-60