Iranian Economic Review

Iranian Economic Review

The Double Blow of the COVID-19 Pandemic and the Oil Price Shock on Economic Policy Uncertainty in the US, UK, and Brazil

Document Type : Research Paper

Author
Mezouri Ettayib
Faculty of Economics, University of Relizane, Relizane, Algeria
10.22059/ier.2024.340946.1007409
Abstract
The study aimed to examine the impact of COVID-19 and oil prices on economic policy uncertainty in the US, UK, and Brazil for the period March 16, 2020, to April 16, 2020, by using the panel-ARDL approach. The results show that Economic policy uncertainty is positively correlated with COVID-19, this indicates that an increase in COVID-19 can enhance economic policy uncertainty, Meaning that an increase in the new cases raises the uncertainty of economic policy in the US and UK in the short-run and long-run. The results also show that the Economic policy uncertainty is negatively correlated with the oil prices.
Keywords
Brazil
COVID-19
Economic Policy Uncertainty
Oil Prices
Panel-ARDL
US
UK
Subjects

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Iranian Economic Review
Volume 28, Issue 1
Spring 2024
Pages 238-249