他们的研究表明,EPU指数与实际宏观经济变量(如经济增长和就业率)有显著的反向关系,甚至对权益市场(如S&P500)的大幅波动也有解释作用。
EPU index reflects the relative frequency of own-country newspaper articles that contain a trio of terms pertaining to the economy (E), policy (P) and uncertainty (U). In other words, each monthly national EPU index value is proportional to the share of own-country newspaper articles that discuss economic policy uncertainty in that month.
附件包含3个文件,22个国家的数据(月度)、全球的数据(月度)、不确定性指数测量的原理,可以用于宏观相关的实证研究。
- Global_Policy_Uncertainty_Data.xlsx
- Measuring Economic Policy Uncertainty.pdf
- 22个国家经济不确定性指数_月度.xlsx