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American Economic Association, American Economic Review, 5(104), p. 56-60

DOI: 10.1257/aer.104.5.56

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Why Has U.S. Policy Uncertainty Risen Since 1960?

Journal article published in 2014 by Scott R. Baker, Nicholas Bloom, Brandice Canes-Wrone, Steven J. Davis, Jonathan Rodden
This paper is available in a repository.
This paper is available in a repository.

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Abstract

We consider two classes of explanations for the rise in policy-related economic uncertainty in the United States since 1960. The first stresses growth in government spending, taxes, and regulation. A second stresses increased political polarization and its implications for the policymaking process and policy choices.