Tag Archives: Agencies

The U Word: What can text analytics tell us about how far uncertainty has risen during 2016?

Alastair Cunningham, David Bradnum and Alastair Firrell.

Uncertainty is a hot topic for economists at the moment.  Have business leaders become more uncertain as a result of the EU referendum?  If so, has that uncertainty had any effect on their plans?   The Bank’s analysts look at lots of measures of economic uncertainty, from complex financial market metrics to how often newspaper articles mention it.  But few of those measures are sourced directly from the trading businesses up and down the country whose investment and employment plans affect the UK economy.  This blog reports on recent efforts to draw out what the Bank’s wide network of business contacts are telling us about uncertainty – comparing what we’re hearing now to trends seen in recent years.

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Filed under Macroeconomics, New Methodologies