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Economics

Vitriolic Presidential Rhetoric Curbing Economic Uncertainty

  • Falling policy index reflects lack of real debate on issues
  • Trump, Sanders trade rhetoric could boost gauge at some point
People listen to speakers at a demonstration against Donald Trump's remarks concerning Muslims on Dec. 10, 2015, in New York City.
Photographer: Spencer Platt/Getty Images
Updated on

Americans can’t be blamed for thinking this year’s presidential contest is more about style than substance. That’s what the numbers are saying, too.

Contrary to what happened in other recent elections in which incumbents weren’t in the race, uncertainty about future economic policy declined in the seven months through March, according to an index created by Northwestern University’s Scott Baker, Stanford University’s Nick Bloom and Steven Davis from the University of Chicago.