'Policy Uncertainty'
Menzie Chinn:
Policy Uncertainty, October 14: Policy uncertainty, as measured by the Baker, Bloom and Davis index, is skyrocketing.
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 Mark Thoma on Tuesday, October 15, 2013 at 09:56 AM in Economics |
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