Nick Bloom (Stanford University) joins to discuss the increase in trade policy uncertainty under President Trump and implications for investment and economic growth. They describe new ways of measuring policy uncertainty – including the Economic Policy Uncertainty Index, as well as surveys – and recent evidence of its impact, including on the US stock market.
- Scott Baker, Nicholas Bloom, and Steve Davis. 2016. Measuring Economic Policy Uncertainty, Quarterly Journal of Economics.
- Scott Baker, Nicholas Bloom, and Steve Davis. 2019. The extraordinary rise in trade policy uncertainty, VoxEU.org, September 19.
- Scott Baker, Nicholas Bloom, Steve Davis and Marco Sammon. 2019. What Triggers Stock Market Jumps? Stanford University manuscript.