Record Details

Replication Data For: The Negative Effect of Economic Policy Uncertainty on Presidential Rhetorical Optimism About the Economy in the United States

Harvard Dataverse (Africa Rice Center, Bioversity International, CCAFS, CIAT, IFPRI, IRRI and WorldFish)

View Archive Info
 
 
Field Value
 
Title Replication Data For: The Negative Effect of Economic Policy Uncertainty on Presidential Rhetorical Optimism About the Economy in the United States
 
Identifier https://doi.org/10.7910/DVN/5JHRZ0
 
Creator Olds, Christopher
 
Publisher Harvard Dataverse
 
Description Recent research by Baker et al. (2013) has created a historical indicator
of economic policy uncertainty in the United States, based on an index score
derived from content analyses of major U.S. newspapers. Empirical work using this
measure has primarily focused on the economic consequences of shifts in economic
policy uncertainty. The purpose of this project is to make the first empirical attempt
at assessing whether changes in economic policy uncertainty have any role on the tone the President of the United States adopts when speaking about general economic conditions. Using the economic policy uncertainty information devised by Baker et al. (2013), and contrasting this with information about presidential rhetorical tone about the economy developed by Wood (2007), the vector autoregression analysis indicates prior levels of economic policy uncertainty Granger-causes current presidential rhetorical optimism about the economy. The moving average representation analysis suggests that an increase in the economic policy uncertainty index results in a decrease in presidential rhetorical optimism about the general economy.
 
Subject Social Sciences
economic policy uncertainty, macroeconomics, presidential economic rhetoric, presidential economic optimism, political communication, presidential communication
 
Contributor Olds, Christopher