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I used to be questioning what occurs to measured financial coverage uncertainty throughout authorities shutdowns. Truly, EPU (as measured by the Baker, Bloom and Davis index) rises, however the improve is on common dwarfed by occasions like Covid-19/”Bleach” recommendation, and “Liberation Day”.
Determine 1: EPU (blue), seven centered shifting common of EPU (purple). Broad authorities shutdowns shaded orange. Supply: policyuncertainty.com, Wikipedia.
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