Abstract
This paper investigates the impact of economic policy uncertainty on the British
interwar economy. A new index constructed from contemporary newspapers
indicates that this was a period of great uncertainty. Time series and narrative
evidence suggests that this uncertainty reduced output, raised unemployment and
contributed to macroeconomic volatility.
interwar economy. A new index constructed from contemporary newspapers
indicates that this was a period of great uncertainty. Time series and narrative
evidence suggests that this uncertainty reduced output, raised unemployment and
contributed to macroeconomic volatility.
| Original language | English |
|---|---|
| Publisher | Department of Economic History, Lund University |
| Number of pages | 34 |
| Publication status | Published - 2018 |
Publication series
| Name | Lund Papers in Economic History. General Issues |
|---|---|
| Publisher | Department of Economic History, Lund University |
| No. | 2018:170 |
Bibliographical note
This is a revised version of a working paper that was originally published in 2018.Subject classification (UKÄ)
- Economic History
Keywords
- economic policy
- interwar Britain
- macroeconomy
- uncertainty
- E32
- E60
- N14