LSE CEP LSE
Centre for Economic Performance (CEP)

Abstract for:

Economic Recovery and Policy Uncertainty

Scott R.  Baker,  Nick  Bloom,  Steven J.  Davis,  John  Van Reenen,  October 2012
Paper No' CEPUSA002: | Full paper (pdf)
Save Reference as: BibTeX BibTeX File | Endote EndNote Import File
Keywords: US Elections; uncertainty; recession

JEL Classification:

Is hard copy/paper copy available? YES - Paper Copy Still In Print.
This Paper is published under the following series:
Share: Google Bookmarks Google Bookmarks | Facebook Facebook | Twitter Twitter

Abstract:

Until some political mechanism creates incentives to elect moderate representatives who can reach across the ideological divide, the US seems destined to heightened levels of policy uncertainty for many years to come. Some research suggests that such uncertainty, particularly over economic policy, partly explains the sluggish nature of the recovery in America – and - according to one recent study, restoring policy uncertainty to levels that prevailed before the financial crisis would raise employment by an estimated 2.3 million over 18-24 months.



One page summary (available in Adobe PDF)