Uncertainty and the Great Slump

Jason Lennard

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This article investigates the impact of economic policy uncertainty on the British interwar economy. The first type of evidence examined is qualitative. The historical record shows that contemporaries regularly reported the incidence and consequences of major uncertainty shocks. The second type of evidence analysed is quantitative. Based on a new index of economic policy uncertainty constructed from newspapers and vector autoregressions, the results suggest that uncertainty was an important source of economic fluctuations in Britain between the wars.

JEL-codes: N0 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2020-08-01
New Economics Papers: this item is included in nep-his and nep-isf
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Citations: View citations in EconPapers (7)

Published in Economic History Review, 1, August, 2020, 73(3), pp. 844-867. ISSN: 0013-0117

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http://eprints.lse.ac.uk/106638/ Open access version. (application/pdf)

Related works:
Journal Article: Uncertainty and the Great Slump (2020)
Working Paper: Uncertainty and the Great Slump (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:106638

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