Multiple studies have discovered a role for uncertainty in describing output and employment. None have separated uncertainty into policy uncertainty and non-policy uncertainty and examined them together. I find that policy uncertainty is not a good predictor of broad uncertainty events and that...

The extent to which economic policy uncertainty (EPU) amplifies exchange rate volatility has been an important research question for at least a decade. Previous research has investigated this relationship using monthly data, concluding that EPU imparts an effect on exchange rate volatility...

A large and growing literature investigates the effects of economic policy uncertainty on various measures of economic activity. Virtually all of it concentrates on the modern era. We show that estimates based on post-WWII data likely suffer from an attenuation bias because the modern-period...