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Uncertainty and the Great Slump

Lennard, Jason LU (2020) In Economic History Review 73(3). p.844-867
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.

Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
in
Economic History Review
volume
73
issue
3
pages
844 - 867
publisher
Wiley-Blackwell
external identifiers
  • scopus:85082936358
ISSN
1468-0289
DOI
10.1111/ehr.12970
language
English
LU publication?
yes
id
4d5bf403-603d-475c-9d9c-91260c0e0725
date added to LUP
2020-01-10 11:43:57
date last changed
2022-04-18 19:59:49
@article{4d5bf403-603d-475c-9d9c-91260c0e0725,
  abstract     = {{<p>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.</p>}},
  author       = {{Lennard, Jason}},
  issn         = {{1468-0289}},
  language     = {{eng}},
  month        = {{07}},
  number       = {{3}},
  pages        = {{844--867}},
  publisher    = {{Wiley-Blackwell}},
  series       = {{Economic History Review}},
  title        = {{Uncertainty and the Great Slump}},
  url          = {{http://dx.doi.org/10.1111/ehr.12970}},
  doi          = {{10.1111/ehr.12970}},
  volume       = {{73}},
  year         = {{2020}},
}