Uncertainty and the Great Slump
Bibliographic Data
| ID | 4877943 |
|---|---|
| Authors | Jason Lennard (0000-0002-6700-8969, London School of Economics and Lund University, corresponding author) |
| Year | 2020 |
| Volume | 73 |
| Issue | 3 |
| Pages | 844-867 |
| Publication date | 2020-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0013-0117 • E-ISSN: 1468-0289 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ehr.12970 |
| OpenAlex | W2786869651 |
| Language | EN |
| Citations received | 10 |
| References cited | 32 |
This article investigates the impact of economic policy uncertainty on the British interwar economy. The first type of evidence examined is qualitative. The historical record shows that contemporaries regularly reported the incidence and consequences of major uncertainty shocks. The second type of evidence analysed is quantitative. Based on a new index of economic policy uncertainty constructed from newspapers and vector autoregressions, the results suggest that uncertainty was an important source of economic fluctuations in Britain between the wars
Econometrics · Economic policy · Economics · Index (typography) · Keynesian economics · Macroeconomics · Newspaper · Political science · Slump · Unemployment · Volatility (finance) · History · Market Dynamics and Volatility · Monetary Policy and Economic Impact
Banks and the economy
So oddly calm
How much did uncertainty shocks matter in the Great Depression
Devaluation, Exports, and Recovery from the Great Depression
Speculation in the United Kingdom, 1785‒2019
Hedges of the Second Republic
Durable consumption, bank distress, economic concerns, and how they interacted during the great depression
Measuring inflation expectations in interwar Britain
The role of sentiment in the US economy
Macroeconomic policymaking in interwar Britain
Estimation and Inference of Impulse Responses by Local Projections
Irreversibility, Uncertainty, and Cyclical Investment
Measuring Uncertainty
The Great Crash and the Onset of the Great Depression
Measuring Economic Policy Uncertainty
How much did uncertainty shocks matter in the Great Depression
Impulse Response Estimation by Smooth Local Projections
The end of one big deflation
Inflation expectations and recovery in spring 1933
Monthly GDP estimates for inter-war Britain
Estimation of historical inflation expectations
The prelude and global impact of the Great Depression
Rearmament to the Rescue? New Estimates of the Impact of "Keynesian" Policies in 1930s' Britain
How Much Does Political Uncertainty Matter? The Case of Louisiana under Huey Long
Fluctuations in Uncertainty
| Unique citing works | 10 |
|---|---|
| Citations per year | 1,67 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 9 |