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High policy uncertainty, the responsibility of which rests with both major political parties, has been undermining the US economic recovery

Van Reenen, John, Bloom, Nick, Baker, Scott and Davis, Stephen (2012) High policy uncertainty, the responsibility of which rests with both major political parties, has been undermining the US economic recovery. British Politics and Policy at LSE (26 Oct 2012) Blog Entry.

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Abstract

John van Reenen, Nicholas Bloom, Scott Baker and Steven Davis argue that one of the factors behind the sluggish economic recovery in the US is increased policy uncertainty. In their view, the two parties and the polarisation of politics are responsible for the high uncertainty. Regardless of who wins the presidency, the two houses of Congress are likely to remain divided by party, thus increasing political polarisation. This analysis provides a clear warning for the UK regarding the negative economic effects of policy uncertainty and the dangers of political polarisation.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy/
Additional Information: © 2012 The Authors
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
J Political Science > JK Political institutions (United States)
Sets: Departments > Economics
Collections > British Politics and Policy at LSE
Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 23 Aug 2011 15:07
URL: http://eprints.lse.ac.uk/37996/

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