Academic Appointments

Contact

  • Academic
    stevend5@stanford.edu
    University - Faculty Department: SIEPR Operations Position: Senior Fellow
    University - Academic staff Department: HOOVER RESEARCH Position: Hoover Senior Fellow

Additional Info

  • Mail Code: 6010-M

All Publications

  • 2020 Klein Lecture-Investment and Subjective Uncertainty INTERNATIONAL ECONOMIC REVIEW Bloom, N., Davis, S. J., Foster, L., Ohlmacher, S., Saporta-Eksten, I. 2024

    View details for DOI 10.1111/iere.12709

    View details for Web of Science ID 001227942500001

  • Dynamism Diminished: The Role of Housing Markets and Credit Conditions AMERICAN ECONOMIC JOURNAL-MACROECONOMICS Davis, S., Haltiwanger, J. 2024; 16 (2): 29-61

    View details for DOI 10.1257/mac.20190007

    View details for Web of Science ID 001238505000002

  • Long Social Distancing JOURNAL OF LABOR ECONOMICS Barrero, J., Bloom, N., Davis, S. J. 2023; 41: S129-S172

    View details for DOI 10.1086/726636

    View details for Web of Science ID 001081998300005

  • The Evolution of Work from Home JOURNAL OF ECONOMIC PERSPECTIVES Barrero, J., Bloom, N., Davis, S. J. 2023; 37 (4): 23-50

    View details for DOI 10.1257/jep.37.4.23

    View details for Web of Science ID 001111026100010

  • Surveying business uncertainty JOURNAL OF ECONOMETRICS Altig, D., Barrero, J., Bloom, N., Davis, S. J., Meyer, B., Parker, N. 2022; 231 (1): 282-303

    View details for DOI 10.1016/j.jeconom.2020.03.021

    View details for Web of Science ID 000864602300015

  • Pandemic-Era Uncertainty JOURNAL OF RISK AND FINANCIAL MANAGEMENT Meyer, B., Mihaylov, E., Maria Barrero, J., Davis, S. J., Altig, D., Bloom, N. 2022; 15 (8)

    View details for DOI 10.3390/jrfm15080338

    View details for Web of Science ID 000846627300001

  • COVID-19 Is a Persistent Reallocation Shock Barrero, J., Bloom, N., Davis, S. J., Meyer, B. H. AMER ECONOMIC ASSOC. 2021: 287-291

    View details for DOI 10.1257/pandp.20211110

    View details for Web of Science ID 000655908100054

  • COVID-19 Shifted Patent Applications toward Technologies That Support Working from Home Bloom, N., Davis, S. J., Zhestkova, Y. AMER ECONOMIC ASSOC. 2021: 263-266

    View details for DOI 10.1257/pandp.20211057

    View details for Web of Science ID 000655908100049

  • What to Expect in the Wake of the 2020 U.S. Elections SEOUL JOURNAL OF ECONOMICS Davis, S. J. 2021; 34 (1): 17-25

    View details for DOI 10.22904/sje.2021.34.1.002

    View details for Web of Science ID 000626992400002

  • The Unprecedented Stock Market Reaction to COVID-19 REVIEW OF ASSET PRICING STUDIES Baker, S. R., Bloom, N., Davis, S. J., Kost, K., Sammon, M., Viratyosin, T. 2020; 10 (4): 742–58

    View details for DOI 10.1093/rapstu/raaa008

    View details for Web of Science ID 000595485100008

  • Economic Uncertainty Before and During the COVID-19 Pandemic. Journal of public economics Altig, D., Baker, S., Barrero, J. M., Bloom, N., Bunn, P., Chen, S., Davis, S. J., Leather, J., Meyer, B., Mihaylov, E., Mizen, P., Parker, N., Renault, T., Smietanka, P., Thwaites, G. 2020: 104274

    Abstract

    We consider several economic uncertainty indicators for the US and UK before and during the COVID-19 pandemic: implied stock market volatility, newspaper-based policy uncertainty, twitter chatter about economic uncertainty, subjective uncertainty about business growth, forecaster disagreement about future GDP growth, and a model-based measure of macro uncertainty. Four results emerge. First, all indicators show huge uncertainty jumps in reaction to the pandemic and its economic fallout. Indeed, most indicators reach their highest values on record. Second, peak amplitudes differ greatly - from a 35% rise for the model-based measure of US economic uncertainty (relative to January 2020) to a 20-fold rise in forecaster disagreement about UK growth. Third, time paths also differ: Implied volatility rose rapidly from late February, peaked in mid-March, and fell back by late March as stock prices began to recover. In contrast, broader measures of uncertainty peaked later and then plateaued, as job losses mounted, highlighting differences between Wall Street and Main Street uncertainty measures. Fourth, in Cholesky-identified VAR models fit to monthly U.S. data, a COVID-size uncertainty shock foreshadows peak drops in industrial production of 12-19%.

    View details for DOI 10.1016/j.jpubeco.2020.104274

    View details for PubMedID 32921841

  • COVID-19 Is Also a Reallocation Shock BROOKINGS PAPERS ON ECONOMIC ACTIVITY Barrero, J., Bloom, N., Davis, S. J. 2020: 329–71

    View details for DOI 10.1353/eca.2020.0012

    View details for Web of Science ID 000639606200012

  • Measuring Economic Policy Uncertainty QUARTERLY JOURNAL OF ECONOMICS Baker, S. R., Bloom, N., Davis, S. J. 2016; 131 (4): 1593-1636

    View details for DOI 10.1093/qje/qjw024

    View details for Web of Science ID 000388576700001

  • Why Has US Policy Uncertainty Risen Since 1960? AMERICAN ECONOMIC REVIEW Baker, S. R., Bloom, N., Canes-Wrone, B., Davis, S. J., Rodden, J. 2014; 104 (5): 56-60

    View details for DOI 10.1257/aer.104.5.56

    View details for Web of Science ID 000338925400008

  • Uncertainty and the Economy POLICY REVIEW Bloom, N., Davis, S. J. 2012: 3-13

    View details for Web of Science ID 000309851200001