Why Has US Policy Uncertainty Risen since 1960

By Scott R. Baker, Nicholas Bloom, Brandice Canes-Wrone, Steven J. Davis, Jonathan Rodden. 2014

192 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/023f27035469a4629bb0fb4c70c8b5fc6add85c4

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In Economics and Econometrics

Citations in the corpus

Policy uncertainty and loan loss provisions in the banking industry (2020, unknown): “We obtain policy uncertainty data from Baker et al.’s (2016) website.”
Dividends and economic policy uncertainty: International evidence (2021, unknown): “…time (Baker et al. 2016),2 which may impact investors’ time-varying risk preferences and thus investors’ 1 Namely uncertainty resulting from the policy-making process and policy choices to monitor those shocks (e.g., Baker et al., 2014).”
An Index of Global Economic Policy Uncertainty (2016, background): “8 See Bloom (2014) for an overview of the literature on economic uncertainty and its effects, Baker et al. (2016) for a fuller list of references to research on policy uncertainty, and Baker et al.”
Measuring Economic Policy Uncertainty (2016, unknown): “The index also shows an upward drift since the 1960s, perhaps due to rising political polarization or the growing economic role for government (Baker et al. 2014).”
Going to Extremes: Politics after Financial Crises, 1870-2014 (2016, background): “2An exception here are Baker et al. (2014) who show that political polarization was an important driver for the increase in US policy uncertainty since the 1960s.”
Economic policy uncertainty and firm investment: evidence from the U.S. market (2019, background): “Baker et al. (2014) collect U.S. policy uncertainty data since 1960 by considering several dimensions, such as government spending, taxes, regulation, political polarization, the policy-making process, and policy choices.”