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Uncertainty and the Great Slump

Lennard, Jason LU (2018) In Lund Papers in Economic History. General Issues
Abstract
This paper investigates the impact of economic policy uncertainty on the macroeconomy of interwar Britain. A new index of economic policy uncertainty constructed from contemporary newspapers indicates that this was a period of great anxiety. Time series evidence suggests that this uncertainty reduced output, raised unemployment and contributed to macroeconomic volatility.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Working Paper
publication status
published
subject
keywords
business cycles, interwar Britain, local projections, narrative identification, uncertainty, E32, E60, N14, N44
in
Lund Papers in Economic History. General Issues
issue
2018:170
pages
33 pages
publisher
Department of Economic History, Lund University
language
English
LU publication?
yes
id
a3a8350f-db93-4229-8970-623b6c0eebf3
date added to LUP
2018-01-15 16:05:52
date last changed
2018-05-29 11:03:30
@misc{a3a8350f-db93-4229-8970-623b6c0eebf3,
  abstract     = {This paper investigates the impact of economic policy uncertainty on the macroeconomy of interwar Britain. A new index of economic policy uncertainty constructed from contemporary newspapers indicates that this was a period of great anxiety. Time series evidence suggests that this uncertainty reduced output, raised unemployment and contributed to macroeconomic volatility.},
  author       = {Lennard, Jason},
  keyword      = {business cycles,interwar Britain,local projections,narrative identification,uncertainty,E32,E60,N14,N44},
  language     = {eng},
  note         = {Working Paper},
  number       = {2018:170},
  pages        = {33},
  publisher    = {Department of Economic History, Lund University},
  series       = {Lund Papers in Economic History. General Issues},
  title        = {Uncertainty and the Great Slump},
  year         = {2018},
}