Why Has US Policy Uncertainty Risen since 1960?
Scott Baker (),
Nicholas Bloom (),
Steven Davis () and
American Economic Review, 2014, vol. 104, issue 5, 56-60
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)
Note: DOI: 10.1257/aer.104.5.56
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Working Paper: Why Has U.S. Policy Uncertainty Risen Since 1960? (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:104:y:2014:i:5:p:56-60
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