Trade and Investment

Trade uncertainty has risen at an alarming rate. This is why

Tariff threats, hikes, and retaliations have become a major source of economic uncertainty. Image: REUTERS/Johannes Eisele

Scott Baker

Associate Professor of Finance Kellogg School of Management, Northwestern University

Nicholas Bloom

Professor of Economics , Stanford University

Steven Davis

William H. Abbott Distinguished Service Professor of International Business and Economics, University of Chicago Booth School of Business; Senior Fellow at the Hoover Institution


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Trade and Investment

Monthly data normalised to 100 from 1985 to 2009. Image: Baker et al. (2016), as updated at
Using data for 21 countries that account for 80% of global GDP at current prices. Normalised to 100 from 1997 to 2015. Image: Baker et al. (2016), Davis (2016) and
Monthly data normalised to 100 from 1985 to 2009. Image: Baker et al. (2016), as updated at

Have you read?

Computed from automated readings of newspaper articles about Equity Market Volatility and (Equity Market Volatility + Trade Policy) in 11 major U.S. newspapers. Image: Baker et al. (2019a).

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Related topics:

Trade and InvestmentBanking and Capital MarketsEconomic Progress


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