مجلة الباحث
Volume 21, Numéro 1, Pages 31-42

Impact Of Covid-19 Pandemic And The Oil Price Shock On Economic Policy Uncertainty In Us And Russia

Authors : Mezouri Ettayib . Bouguetaia Soufyane .

Abstract

The purpose of this paper is examine the impact of COVID-19 and Oil Price on economic policy uncertainty in US and Russia using monthly, Jan, 2019, to March, 2021 by using the panel-ARDL approach. The results show that Economic policy uncertainty is positively correlated with the COVID-19, this indicate 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 Russia in the short-run and long-run. The results also show that the Economic policy uncertainty is negatively correlated with the oil prices.

Keywords

COVID-19 ; OIL PRICE ; economic ; policy ; uncertainty ; US ; RUSSIA