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Abstract:

cover
CentrePiece Article
Policy uncertainty: a new indicator
Scott R. Baker, Nicholas Bloom and Steven J. Davis
February 2012
Paper No' CEPCP362:
Full Paper (pdf)

CentrePiece 16 (3) Winter 2012


Tags: us economic policy; global financial markets;

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.