اظهار نظر در مورد درگیری های حزبی و سرمایه گذاری خصوصی

This paper explores an alternative explanation for the observed decline in investment. Specifically, it investigates the role played by rising uncertainty about future economic policy due to increased partisan conflict since around 2010. The ultimate findings are perhaps best viewed as merely suggestive. Nevertheless, by carefully developing novel measures of policy uncertainty, the paper does succeed in laying important foundations for future studies.