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2011 foreshadows declines of up to 2.3% in GDP and 2.3 million in employment …
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find that policy uncertainty raises stock price volatility and reduces investment and employment in policy … foreshadow declines in investment, output, and employment in the United States and, in a panel VAR setting, for 12 major …
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In this paper, I develop an Economic Policy Uncertainty (EPU) measure for Colombia based on news coverage, as the one presented in Baker, Bloom, and Davis (2016). This index is the result of the analysis of 10, 113 news articles from the period between January 1994 and December 2016. Additional...
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recession. Under higher levels of uncertainty, firms’ owners cut their investment, which leads to a longer post …
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