Trade Policy Uncertainty

Kyle Handley · Nuno Limão

147 citations0/0 files storedAnnual Review of Economics

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Global trade and economics Monetary Policy and Economic Impact Market Dynamics and Volatility

Abstract

Trade policy uncertainty (TPU) has become an important source of economic uncertainty and research. We review the main sources and measures of TPU. We then provide a conceptual framework for modeling TPU and methods for estimating and quantifying its effects. We analyze its role in trade agreements and discuss open questions for future research.

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References

2016Measuring Economic Policy Uncertainty*1994Investment under Uncertainty 2013The China Syndrome: Local Labor Market Effects of Import Competition in the United States 1980Irreversibility, Uncertainty, and Cyclical Investment 1989Entry and Exit Decisions under Uncertainty 2019Firm-Level Political Risk: Measurement and Effects*2016The Surprisingly Swift Decline of US Manufacturing Employment 2010Trade Liberalization and Firm Productivity: The Case of India

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