Measuring economic policy uncertainty in China

Yun Huang, Sheung Kan LUK*

*Corresponding author for this work

    Research output: Contribution to journalJournal articlepeer-review

    341 Citations (Scopus)

    Abstract

    We construct a new monthly index of Economic Policy Uncertainty for China in 2000–2018 based on Chinese newspapers. Different from the existing index, ours uses information from multiple local newspapers, and foreshadows declines in equity price, employment and output. Media censorship does not seem to have qualitative impact to our index. Moreover, we develop a daily uncertainty index and several policy-specific uncertainty indices for public use.

    Original languageEnglish
    Article number101367
    JournalChina Economic Review
    Volume59
    DOIs
    Publication statusPublished - Feb 2020

    Scopus Subject Areas

    • Finance
    • Economics and Econometrics

    User-Defined Keywords

    • Chinese economy
    • Economic policy uncertainty
    • Media bias

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