Uncertainty and the Great Slump

Forskningsoutput: TidskriftsbidragArtikel i vetenskaplig tidskrift

Abstract

This article investigates the impact of economic policy uncertainty on the British interwar economy. The first type of evidence examined is qualitative. The historical record shows that contemporaries regularly reported the incidence and consequences of major uncertainty shocks. The second type of evidence analysed is quantitative. Based on a new index of economic policy uncertainty constructed from newspapers and vector autoregressions, the results suggest that uncertainty was an important source of economic fluctuations in Britain between the wars.

Detaljer

Författare
Enheter & grupper
Externa organisationer
  • London School of Economics and Political Science
Forskningsområden

Ämnesklassifikation (UKÄ) – OBLIGATORISK

  • Ekonomisk historia
  • Historia
Originalspråkengelska
Sidor (från-till)844-867
TidskriftEconomic History Review
Volym73
Utgåva nummer3
Tidigt onlinedatum2020 apr 3
StatusPublished - 2020 jul 15
PublikationskategoriForskning
Peer review utfördJa