Spain | Understanding the causes of economic policy uncertainty using Machine Learning

Summary

In recent months, the index of economic policy uncertainty has recorded the largest increase since 2012. The decomposition of the index using an algorithm shows that the increase has been due to trade disputes and brexit. In October, domestic uncertainty also rose.

Key points

• Key points:
• The index of economic policy uncertainty has recorded in the last 12 months the largest increase since 2012
• Brexit and trade disputes have been the main cause of this increase
• In October domestic uncertainty also increased.

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