{"id":348540,"date":"2025-09-28T14:25:40","date_gmt":"2025-09-28T19:25:40","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/09\/28\/epu-spikes-government-shutdowns-vs-9-11-lehman-bleach-liberation-day\/"},"modified":"2025-09-28T14:25:40","modified_gmt":"2025-09-28T19:25:40","slug":"epu-spikes-government-shutdowns-vs-9-11-lehman-bleach-liberation-day","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/09\/28\/epu-spikes-government-shutdowns-vs-9-11-lehman-bleach-liberation-day\/","title":{"rendered":"EPU Spikes: Government Shutdowns vs. 9\/11, Lehman, \u201cBleach\u201d, \u201cLiberation Day\u201d"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-58173\">&#13;<br \/>\n\t\t\t\t<!-- .entry-header -->&#13;<br \/>\n&#13;<\/p>\n<div class=\"entry-content\">\n<p>I was wondering what happens to measured economic policy uncertainty during government shutdowns. In point of fact, EPU (as measured by the Baker, Bloom and Davis index) rises, but the increase is on average dwarfed by events like Covid-19\/\u201dBleach\u201d advice, and \u201cLiberation Day\u201d.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/epu_shutdowns.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-58174\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/epu_shutdowns.png\" alt=\"\" width=\"1008\" height=\"547\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/epu_shutdowns.png 1008w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/epu_shutdowns-300x163.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/epu_shutdowns-768x417.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/09\/epu_shutdowns-624x339.png 624w\" sizes=\"(max-width: 1008px) 100vw, 1008px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> EPU (blue), seven centered moving average of EPU (red). Broad government shutdowns shaded orange. Source: policyuncertainty.com, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Government_shutdowns_in_the_United_States\">Wikipedia<\/a>.<\/em><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content -->&#13;<br \/>\n\t\t&#13;<\/p>\n<footer class=\"entry-meta\">&#13;<br \/>\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2025\/09\/epu-spikes-government-shutdowns-vs-9-11-lehman-bleach-liberation-day\" title=\"11:22 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-09-28T11:22:29-07:00\">September 28, 2025<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->&#13;\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2025\/09\/epu-spikes-government-shutdowns-vs-9-11-lehman-bleach-liberation-day\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] &#13; &#13; &#13; I was wondering what happens to measured economic policy uncertainty during government shutdowns. In point of fact, EPU (as measured by<\/p>\n","protected":false},"author":1,"featured_media":348541,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/348540"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=348540"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/348540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/348541"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=348540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=348540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=348540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}