Off the Rollercoaster – Illustrated

Menzie Chinn
By Menzie Chinn of Econbrowser
Professor of Public Affairs and Economics at the University of Wisconsin •

If you’re an economic policy analyst, you might get the feeling that the crazy-high uncertainty surrounding policy has abated.

If you’re an economic policy analyst, you might get the feeling that the crazy-high uncertainty surrounding policy has abated. You might even feel that more profoundly if your portfolio includes trade policy…

Figure 1. US Economic Policy Uncertainty (news-based) (blue, left scale), US Trade Policy Uncertainty (red, right scale). EPU for March 2021 is for 3/1-3/26. Orange shading denotes Trump administration 2017M01-2020M12. Source: Baker, Bloom & Davis atpolicyuncertainty.com. 

(Declining uncertainty in recent years has correlated with dollar value.)

Disclosure:

None.

More from this Author

Major Shocks, Major Real Interest Rate Increases

Major Shocks, Major Real Interest Rate Increases

Menzie Chinn •
Pecking Order And AI Capex Spending

Pecking Order And AI Capex Spending

Menzie Chinn •
“Core GDP” And AI Related Imports And Investment Contribution To GDP

“Core GDP” And AI Related Imports And Investment Contribution To GDP

Menzie Chinn •

Comments

Back to all articles