Baker, Scott R.; Bloom, Nicholas; Canes-Wrone, Brandice; … - In: American Economic Review 104 (2014) 5, pp. 56-60
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...