Nick Bloom says economic policy uncertainty in the United States is higher now than it was after the terrorist attacks of September 11, 2001. And, he says, with political gridlock in Washington and rising healthcare costs, uncertainty levels are likely to remain high for the foreseeable future. Bloom is a professor of economics at the Stanford Institute for Economic Policy Research and at Stanford Graduate School of Business (by courtesy).
What is the economic policy uncertainty index? 0:05
How high is policy uncertainty now? 1:02
Why is policy uncertainty so high right now? 1:35
Why does policy uncertainty matter? 2:33
How long will policy uncertainty continue at such high levels? 3:03
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Economic Policy Uncertainty Index
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Nick Bloom
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