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Uncertainty and the Great Slump

Lennard, Jason ORCID: 0000-0002-6700-8969 (2020) Uncertainty and the Great Slump. Economic History Review, 73 (3). pp. 844-867. ISSN 0013-0117

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Identification Number: 10.1111/ehr.12970


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.

Item Type: Article
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Additional Information: © 2020 The Author
Divisions: Economic History
Subjects: D History General and Old World > D History (General) > D204 Modern History
D History General and Old World > D History (General) > D901 Europe (General)
H Social Sciences > HC Economic History and Conditions
Date Deposited: 28 Sep 2020 10:18
Last Modified: 20 Oct 2021 02:54

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