... et al. (2016) develop economic policy uncertainty (EPU) [1] based on news. They show that EPU contains information on the movements in policy-related economic uncertainty. Based on EPU, many studies including Pástor and Veronesi (2013) , Brogaard and Detzel (2015) and Arouri et al...

...Wenwen Jiang; Hwa-Sung Kim The authors show that there is a negative relationship between economic policy uncertainty (EPU) and firm overinvestment using Korean data from 2007 to 2016. Since Jensen (1986) shows that a firm's free cash flow is an important factor of overinvestment, the authors...

... to the original publication and authors. The full terms of this licence maybe seen at http://creativecommons.org/licences/by/4.0/legalcode Term structure of interest rate Economic policy uncertainty Monetary and interest rate policies Stock market Economic activity E37 E44 G12 G14 G17...