Economic Policy Uncertainty in Singapore
In the US, economic policy uncertainty in the aftermath of the Global Financial Crisis (GFC) rose to historically high levels because of uncertainty about tax, spending, regulatory and monetary policies. Some analysts have argued that this uncertainty had in turn slowed the US’ recovery from the recession by causing businesses and households to cutback or postpone investment, hiring and consumption.The views expressed in this paper are solely those of the authors and do not necessarily reflect those of the Ministry of Trade and Industry or the Government of Singapore.
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