The Economic Policy Uncertainty Index for Flanders, Wallonia and Belgium

BFW digitaal / RBF numérique 2020/6

16 Pages Posted: 21 Apr 2020 Last revised: 28 Jan 2021

See all articles by Andres Algaba

Andres Algaba

Vrije Universiteit Brussel (VUB); Ghent University - Department of Economics

Samuel Borms

Vrije Universiteit Brussel; University of Neuchâtel

Kris Boudt

Ghent University; Vrije Universiteit Brussel; Vrije Universiteit Amsterdam

Jeroen Van Pelt

Vrije Universiteit Brussel

Date Written: July 3, 2020

Abstract

This research note describes the construction of news-based Economic Policy Uncertainty (EPU) indices for Flanders, Wallonia and Belgium. The indices are computed from January 2001 until May 2020. Important domestic and more global events coincide with spikes in the indices. The COVID-19 pandemic represents the highest point, reflecting very strong consecutive Belgian newspaper attention to economic policy uncertainty. The monthly values of the EPU indices for Flanders, Wallonia and Belgium are published on www.policyuncertainty.com.

Keywords: Belgium, COVID-19, EPU index, news data, sentometrics, textual analysis, uncertainty

Suggested Citation

Algaba, Andres and Borms, Samuel and Boudt, Kris and Van Pelt, Jeroen, The Economic Policy Uncertainty Index for Flanders, Wallonia and Belgium (July 3, 2020). BFW digitaal / RBF numérique 2020/6, Available at SSRN: https://ssrn.com/abstract=3580000 or http://dx.doi.org/10.2139/ssrn.3580000

Andres Algaba

Vrije Universiteit Brussel (VUB) ( email )

Pleinlaan 2
http://www.vub.be
Brussels, 1050
Belgium

Ghent University - Department of Economics ( email )

Belgium

Samuel Borms (Contact Author)

Vrije Universiteit Brussel ( email )

Pleinlaan 2
http://www.vub.ac.be/
Brussels, 1050
Belgium

University of Neuchâtel

1, A.-L. Breguet
Neuchâtel, CH-2000
Switzerland

Kris Boudt

Ghent University ( email )

Sint-Pietersplein 5
Gent, 9000
Belgium

Vrije Universiteit Brussel ( email )

Pleinlaan 2
http://www.vub.ac.be/
Brussels, 1050
Belgium

Vrije Universiteit Amsterdam ( email )

De Boelelaan 1105
Amsterdam, ND North Holland 1081 HV
Netherlands

Jeroen Van Pelt

Vrije Universiteit Brussel ( email )

Pleinlaan 2
http://www.vub.ac.be/
Brussels, 1050
Belgium

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