Measured trade policy uncertainty, from Baker, Bloom and Davis, and Caldara, Iacoviello, Molligo, Prestipino, and Raffo:
Figure 1: EPU-trade category (blue, left scale), and Trade Policy Uncertainty index (red, right scale). Source: Baker, Bloom & Davis policyuncertainty.com, and Caldara et al. TPUD.
Why the recent jump? Well…
Source: J. Politano.
“90 deals in 90 days” joins “infrastructure week” and “Russia/Ukraine war over in 24 hours”.
