Baker, Scott R.; Baksy, Aniket; Bloom, Nicholas; Davis, … - 2022
We examine patterns of economic policy uncertainty (EPU) around national elections in 23 countries. Uncertainty shows a … clear tendency to rise in the months leading up to elections. Average EPU values are 13% higher in the month of and the … month prior to an election than in other months of the same national election cycle, conditional on country effects, time …