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Collapsing Confidence in Public Health/Macroeconomic Management

Summary:
Consumer sentiment declines; economic policy uncertainty on the rise; real interest rates declining. It’s all in the graph below. Figure 1: University of Michigan consumer sentiment (top), Economic Policy Uncertainty Index (middle), TIPS 10 year constant maturity yield, % (bottom). U Mich sentiment is preliminary for July, EPU in July is thru 7/25/2020, TIPS in July is thru 7/24/2020. Source: University of Michigan and Treasury via FRED, policyuncertainty.com.

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Consumer sentiment declines; economic policy uncertainty on the rise; real interest rates declining. It’s all in the graph below.

Collapsing Confidence in Public Health/Macroeconomic Management

Figure 1: University of Michigan consumer sentiment (top), Economic Policy Uncertainty Index (middle), TIPS 10 year constant maturity yield, % (bottom). U Mich sentiment is preliminary for July, EPU in July is thru 7/25/2020, TIPS in July is thru 7/24/2020. Source: University of Michigan and Treasury via FRED, policyuncertainty.com. 

Menzie Chinn
He is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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