Financial crises and the dangers of economic policy uncertainty
AbstractRecovery from financial crises is so slow because they create sharply elevated economic policy uncertainty that policymakers often are unequipped to deal with or respond to poorly. Only when the Federal Reserve and lawmakers begin to take steps to reduce the uncertainty in the economic climate will the US economy begin to show signs of growth.
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Bibliographic InfoPaper provided by American Enterprise Institute in its series Working Papers with number 35973.
Date of creation: Nov 2012
Date of revision:
financial crises; economic uncertainty; Causes of the financial crisis; Economic outlook; QE3;
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