Has Policy Uncertainty Slowed the Recovery?

Dr. Nicholas Bloom discusses economic policy uncertainty and its effect on the recovery. What is economic policy uncertainty, how do we measure it, and what causes it? Secular movements in policy uncertainty over the last 25 years offer important clues as to what to expect in the next few years.

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About the Speaker

Nicholas Bloom is Professor of Economics at Stanford University and Co-Director of the Productivity, Innovation and Entrepreneurship program at the National Bureau of Economic Research. Dr. Bloom's research focuses on understanding the economic impact of uncertainty, such as that which followed the 9/11 terrorist attacks and the Cuban Missile Crisis. He is also constructing an empirical basis for understanding what factors drive differences in management practices across regions, industries, and countries, and how this determines the economic performance of nations and firms. Dr. Bloom is the recipient of an Alfred Sloan Fellowship, a National Science Foundation Career Award, and the Frisch Medal, awarded by the Econometric Society.

Dr. Bloom has a BA from Cambridge, an MPhil from Oxford, and a PhD from University College London. He previously worked at the UK Treasury and McKinsey & Company. See his research page.