Why has US policy uncertainty risen since 1960?

TitleWhy has US policy uncertainty risen since 1960?
Publication TypeConference Paper
Year of Publication2014
AuthorsBaker SR, Bloom N, Canes-Wrone B, Davis SJ, Rodden J
Conference NameAmerican Economic Review
Date Publishedmay
ISBN Number9788578110796
AbstractWe consider two classes of explanations for the rise in policy-related economic uncer- tainty 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 policy-making process and policy choices.
URLhttp://pubs.aeaweb.org/doi/10.1257/aer.104.5.56
DOI10.1257/aer.104.5.56
PubMed ID25246403