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Economic recovery and policy uncertainty

Baker, Scott R. and Davis, Steven J. and Bloom, Nick and Van Reenen, John (2012) Economic recovery and policy uncertainty. CEPUSA002. The London School of Economics and Political Science, Center of Economic Performance, London, UK.

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Identification Number: CEPUSA002

Abstract

Until some political mechanism creates incentives to elect moderate representatives who can reach across the ideological divide, the US seems destined to heightened levels of policy uncertainty for many years to come. Some research suggests that such uncertainty, particularly over economic policy, partly explains the sluggish nature of the recovery in America – and - according to one recent study, restoring policy uncertainty to levels that prevailed before the financial crisis would raise employment by an estimated 2.3 million over 18-24 months.

Item Type: Monograph (Report)
Official URL: http://cep.lse.ac.uk/
Additional Information: © 2012 The Authors
Subjects: H Social Sciences > HC Economic History and Conditions
Sets: Departments > Economics
Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 17 Jul 2014 11:27
Last Modified: 21 Jul 2014 10:43
URI: http://eprints.lse.ac.uk/id/eprint/57970

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