In this event, participants will review the Bhagat-Obreja paper and consider the role of uncertainty in major business decisions.

In an upcoming piece, AEI's Kevin Hassett highlights a new unique index of policy uncertainty which was developed in a path-breaking paper by Stanford economists Scott R. Baker and Nicholas Bloom along with AEI Visiting Scholar and University of Chicago economist Steve Davis. Among...

I have found that the Uncertainty Principle of quantum physics actually has no analogue in foreign policy. Regardless, it is a good way to describe Obama's foreign policy doctrine.

Many commentators argue that uncertainty about taxes, government spending and other policy matters deepened the recession of 2007-2009 and slowed the recovery. To investigate this issue we develop a new index of policy-related economic uncertainty and estimate its dynamic relationship to output, investment and employment.

Europe's banks and entire monetary system are in crisis from the sovereign debt of financially weak governments.  But the capital requirement for banks to hold such Euro denominated debt was zero.  It was defined as "risk free," but has instead led to massive losses.

A major factor behind the weak recovery and gloomy outlook is a climate of policy-induced economic uncertainty. An index we devised shows U.S. policy uncertainty at historically high levels.

Taxmageddon is the result of the extreme shortsightedness of President Obama and the Democrats, who extended current tax policies for only two years back in 2010. The latest research suggests that the economy will suffer severely this year for that shortsightedness.