Why Has U.S. Policy Uncertainty Risen Since 1960? | E-Axes

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Why Has U.S. Policy Uncertainty Risen Since 1960?


We consider two classes of explanations for the rise in policy-related economic uncertainty in the United States since 1960. The first stresses growth in government spending, taxes, and regulations. A second stresses increased political polarization and its implications for the policy-making process and policy choices.

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