Effect of policy uncertainty

Policymakers’ choices dominate headlines in the global crisis. This column distinguishes between economic uncertainty and economic policy uncertainty, constructs an index to measure policy-related uncertainty, and argues that improving policy uncertainty would create millions of US jobs.

Policy uncertainty and the stalled recovery by Scott Baker, Nicholas Bloom, and Steven J. Davis at vox.eu

Interesting post on political divisiveness in the US being a contributing cause of the economic uncertainty that is creating a drag on the economy by increasing propensity to save rather than consume or invest.