Asymmetric Effects of the COVID-19 Outbreak on Economic Policy Uncertainty

Author:

Aimer Nagmi1ORCID,Lusta Abdulmula2

Affiliation:

1. Higher Institute of Marine Sciences Techniques, Sabratha, Libya

2. Tripoli University, Libya

Abstract

We examine the asymmetric impact of the COVID-19 pandemic on Economic Policy Uncertainty Index for United States (EPU). Our results indicate that the pandemic has had a long-term impact on EPU. In addition, there is no strong short-term impact of the epidemic on EPU. We also find symmetric effects of the COVID-19 shock (positive and negative) on EPU and note that the effects of the two shocks are quite similar.

Publisher

Asia-Pacific Applied Economics Association

Subject

General Medicine

Reference19 articles.

1. Economic policy uncertainty and exchange rates before and during the COVID-19 pandemic;N. Aimer;Journal of Ekonomi,2021

2. Coronavirus and financial volatility: 40 days of fasting and fear;Claudiu Albulescu;SSRN Electronic Journal,2020

3. Do COVID-19 and crude oil prices drive the US economic policy uncertainty?;Claudiu Albulescu;SSRN Electronic Journal,2020

4. Do COVID-19 and crude oil prices drive the US economic policy uncertainty?;Claudiu Albulescu;ArXiv Preprint,2020

5. Measuring economic policy uncertainty;Scott R. Baker;Quarterly Journal of Economics,2016

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