How Robots Damaged the American Dream
A study looks at the effects of automation in the 21st century.
How Robots Damaged the American DreamUncertainty about a nation’s economic policies can influence both politics and financial markets, and the effects often spread beyond the country’s borders. Building on his research with Northwestern’s Scott R. Baker and Stanford’s Nick Bloom measuring policy uncertainty in the world’s major economies, Chicago Booth’s Steven J. Davis has constructed an index that combines data from 18 countries to provide a global measurement of uncertainty from 1997 to present. Starting with each country’s index, which mines local news reports for keywords that indicate a level of concern from businesses and households about economic policy, Davis assembles a GDP-weighted average that shows how worldwide qualms have intensified over the past decade. The research team keeps the indexes up to date at policyuncertainty.com, where they expect to add data from more countries, including Israel, Malaysia, Mexico, and New Zealand.
The 18 countries that make up the global index
Hover over any colored country to see its uncertainty index score. Darker colors correspond to greater uncertainty.
A study looks at the effects of automation in the 21st century.
How Robots Damaged the American DreamThe standard measure of the CPI doesn’t recognize important aspects of how people experience the economy.
Why Inflation Still Looms Large for US VotersMonetary policy makers set the stage for inflation but were slow to respond when it appeared.
The Case for and against Central BankersYour Privacy
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