This article characterises the level of uncertainty in the Spanish economy. Various indicators are analysed, distinguishing their source: financial market volatility, degree of disagreement between agents on the economic situation and economic policy uncertainty. Aggregate uncertainty in the...

We construct a new Economic Policy Uncertainty (EPU) index for Spain, building on the influential methodology of Baker, Bloom and Davis (2016), and compare it with the EPU for Spain that these authors provide. We refine the index in several dimensions: we expand the headline newspaper coverage...

We provide additional evidence on the relationship between uncertainty and economic activity. For this purpose, we gather and construct a wide range of proxy indicators of economic and economic policy uncertainty from Spain. We distinguish between the relative merits of different types of...