Policy Uncertainty Chokes a Recovery: Baker, Bloom and Davis - Bloomberg: "So how much near-term improvement could we gain from a stable, certainty-enhancing policy regime? We estimate that restoring 2006 levels of policy uncertainty would yield an additional 2.5 million jobs over 18 months. Not a full solution to the jobs shortfall, but a big step in the right direction.
(Scott R. Baker and Nicholas Bloom are economists at Stanford University. Steven J. Davis, an economist at the University of Chicago Booth School of Business, is a contributor to Business Class. The opinions expressed are their own.)"
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