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Economic recovery and policy uncertainty

Author

Listed:
  • Baker, Scott R.
  • Davis, Steven J.
  • Bloom, Nick
  • Van Reenen, John

Abstract

Until some political mechanism creates incentives to elect moderate representatives who can reach across the ideological divide, the US seems destined to heightened levels of policy uncertainty for many years to come. Some research suggests that such uncertainty, particularly over economic policy, partly explains the sluggish nature of the recovery in America – and - according to one recent study, restoring policy uncertainty to levels that prevailed before the financial crisis would raise employment by an estimated 2.3 million over 18-24 months.

Suggested Citation

  • Baker, Scott R. & Davis, Steven J. & Bloom, Nick & Van Reenen, John, 2012. "Economic recovery and policy uncertainty," LSE Research Online Documents on Economics 57970, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:57970
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    Keywords

    US Elections; uncertainty; recession;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General

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