This paper examines the nature of systemic uncertainty and the character of public policy which causes it by analyzing two time periods as case studies of how systemic uncertainty is generated by public policy choices. I analyze financial data and polling data for evidence of systemic uncertainty to identify the form of public policy and political leadership which results in the occurrence of uncertainty. My findings suggest that systemic uncertainty is generated by a lack of commitment to the protection of private property and/or a willingness to arbitrarily implement changes to the tax and regulatory structure in the future.
Kreider, W. Soren IV
"Systemic Uncertainty: An Examination of Its Causes and Repercussions,"
Undergraduate Economic Review: Vol. 9
, Article 5.
Available at: http://digitalcommons.iwu.edu/uer/vol9/iss1/5