State-level economic policy uncertainty
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TL;DR: In this paper , the authors quantify and study state-level economic policy uncertainty and construct three monthly indexes for each state: one that captures state and local sources of policy uncertainty (E P U − S ), another that captures national and international sources (E p U − N ), and a composite index that captures both.
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About: This article is published in Journal of Monetary Economics. The article was published on 01 Nov 2022. and is currently open access. The article focuses on the topics: State (computer science).
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Citations
Policy uncertainty in Japan
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51
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TL;DR: This study examines the impact of economic policy uncertainty (EPU) on green technology innovation among 807 listed companies from 2007-2019, finding EPU decreases innovation, particularly among non-state-owned and low-tech firms, and financing constraints mediate this effect.
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The Bright Side of Political Uncertainty: The Case of R&D
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References
Measuring Economic Policy Uncertainty
TL;DR: The authors developed a new index of economic policy uncertainty based on newspaper coverage frequency and found that policy uncertainty spikes near tight presidential elections, Gulf Wars I and II, the 9/11 attacks, the failure of Lehman Brothers, the 2011 debt ceiling dispute and other major battles over fiscal policy.
The Value of Waiting to Invest
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Irreversibility, Uncertainty, and Cyclical Investment
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