Why Has US Policy Uncertainty Risen Since 1960?-Reference-Cited by-同舟云学术

Why Has US Policy Uncertainty Risen Since 1960?

Published:2014-05-01 Issue:5 Volume:104 Page:56-60
ISSN:0002-8282
Container-title:American Economic Review
language:en
Short-container-title:American Economic Review

Author:

Baker Scott R.¹,Bloom Nicholas¹,Canes-Wrone Brandice²,Davis Steven J.³,Rodden Jonathan⁴

Affiliation:

1. Stanford University, 579 Serra Mall, Stanford, CA 94305 (e-mail: )

2. Princeton University, Corwin 34, Princeton, NJ 08544 (e-mail: )

3. Chicago Booth School of Business, University of Chicago, 5087 South Woodland Avenue, Chicago, IL 60637 (e-mail: )

4. Stanford University, 616 Serra Street, Stanford, CA 94305 (e-mail: )

Abstract

We consider two classes of explanations for the rise in policy-related economic uncertainty in the United States since 1960. The first stresses growth in government spending, taxes, and regulation. A second stresses increased political polarization and its implications for the policymaking process and policy choices.

Publisher

American Economic Association

Subject

Economics and Econometrics

Link

https://pubs.aeaweb.org/doi/pdf/10.1257/aer.104.5.56

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