Measuring Economic Policy Uncertainty

By Scott R. Baker, Nicholas Bloom, Steven J. Davis. 2016

10,979 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/7bcfd182db05a0092039714fa52777dc804e511b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

Citations in the corpus

Googling Investor Sentiment around the World (2019, positive): “…employment, industrial production, personal income less transfer payments, manufacturing and trade sales, and quarterly real gross domestic product (GDP).21 In addition, we control for the index of U.S. economic policy uncertainty (EPUUS), which is constructed by Baker, Bloom, and Davis (2015).”
The Costs of Economic Nationalism: Evidence from the Brexit Experiment* (2019, methodology): “Such uncertainty e � ects can also be detrimental to economic activity (e.g. Bloom, 2009; Born and Pfeifer, 2014; Fernández-Villaverde et al. , 2015; Baker et al. , 2016).”
Green credit policy and firm performance: What we learn from China (2021, methodology): “Previous studies mostly used the EPU index compiled by Baker et al. (2016), which was constructed by tracking the contents published in South China Morning Post.”
The long-run information effect of central bank communication (2019, positive): “In our view, this channel has been under-appreciated in the literature on monetary policy, but is something that central banks should take into account as part of their overall communication strategies, especially as there is increasing evidence that uncertainty has macroeconomic effects ( Baker et ”
Predicting the long-term stock market volatility: A GARCH-MIDAS model with variable selection (2020, background): “There are many uncertainty indices that we do not consider in this paper due to data availability, including Economic Policy Uncertainty Index (Baker et al., 2016), macro uncertainty (Jurado et al., 2015), and financial uncertainty (Ludvigson et al., 2019).”
Economic uncertainty and bank risk: Evidence from emerging economies (2020, positive): “As implied by Banerjee (1992), Bikhchandani et al. (1998) and Avery and Zemsky (1998), banks’ decisions in this context would be characterized by herd behavior, that is, banks will be doing what others are doing rather than collecting their own private information.”