Economic Policy Uncertainty in the United States and Europe: A Cointegration Test
University of Maryland, Eastern Shore; University of Maryland, College Park
June 3, 2012
International Journal of Economics and Finance, 5(2), 2013, Forthcoming.
Economic uncertainty is closely followed and analysed by businesses, policy makers and academic scholars because the world economies have now become very closely interconnected more than ever. This study is to examine a relationship between economic policy uncertainty between the United States and Europe. The results reveal a long-run equilibrium relationship (cointegration) in economic policy uncertainty between the United States and Europe. The findings provide evidence of the interconnectedness of economic conditions between the United State and Europe in line with the international transmission and spill-over literature.
Number of Pages in PDF File: 5
Keywords: economic policy uncertainty, cointegration
JEL Classification: E60Accepted Paper Series
Date posted: June 3, 2012 ; Last revised: December 17, 2012
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