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Tuesday, October 15, 2013

'Policy Uncertainty'

Menzie Chinn:

Policy Uncertainty, October 14: Policy uncertainty, as measured by the Baker, Bloom and Davis index, is skyrocketing.
Policyuncertaintypix2
Figure 1: Baker, Bloom and Davis Policy Uncertainty Index (blue), 31 day centered moving average (orange), and observation for 10/14 (red square). Source: Baker, Bloom, and Davis, accessed 10/14/2013.
If one thought that policy uncertainty was slowing the economy, would this be any way of conducting policy?

    Posted by on Tuesday, October 15, 2013 at 09:56 AM in Economics | Permalink  Comments (21)

          


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