Scott Baker, Nicholas Bloom, 07 February 2012

Reading the business press, one gets the impression that the world of policy is in a very uncertain state around the world. This column presents an up-to-date index of policy uncertainty and suggests that the calming of policy uncertainty may have aided recent economic prospects in the US. Unfortunately, policy uncertainty still appears extremely high in Europe with the Eurozone crisis.

Robert J. Gordon, 01 May 2009

When will the US economy turn around? World renown macroeconomist Bob Gordon – a member of the NBER Business Cycle Dating Committee since 1978 – documents a surprisingly robust link between the business cycle trough and the lagged peak in unemployment claims. According to this link, springtime for the US economy is just around the corner.

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