Uncertainty and the Great Slump

Research output: Working paper/PreprintWorking paper

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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.
Original languageEnglish
PublisherDepartment of Economic History, Lund University
Number of pages34
Publication statusPublished - 2018

Publication series

NameLund Papers in Economic History. General Issues
PublisherDepartment 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

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