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Policy uncertainty: a new indicator

Scott Baker (), Nicholas Bloom () and Steven Davis ()

CentrePiece - The Magazine for Economic Performance from Centre for Economic Performance, LSE

Abstract: The damaging impact of economic uncertainty on growth has been reasonably well studied - but what happens when there is uncertainty about economic policy-making? Nicholas Bloom and colleagues have developed a measure of this distinct kind of uncertainty, one that shows the value of restoring stability to current policy actions.

Keywords: US economic policy; global financial markets (search for similar items in EconPapers)
Date: 2012-02
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