Rising Policy Uncertainty

Steven Davis

No 26243, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: I review evidence of rising policy uncertainty in the U.S. and global economies, drawing heavily on newspaper-based measures. Examples from countries around the world illustrate the role of political and policy developments as drivers of fluctuations in economic uncertainty. I also highlight the prominent role of trade policy as a source of uncertainty and stock market volatility since March 2018, when U.S.-China tensions began to escalate. Lastly, I offer remarks on the interplay between policy uncertainty and economic performance.

JEL-codes: D80 E20 F13 (search for similar items in EconPapers)
Date: 2019-09
New Economics Papers: this item is included in nep-int and nep-mac
Note: EFG PE POL
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Citations: View citations in EconPapers (20)

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