Datasets

Policy Uptake Elasticity (PUE)

Policy Uptake Elasticity (PUE) measures the degree to which an agency revises a proposed rule in the direction of the public comments it received. The rulemaking file covers 5,103 rulemakings by 109 U.S. federal agencies, with final rules published 2008–2025; the firm-year file covers 83,331 firm-years of 10,358 Compustat firms, fiscal years 2008–2024.

From Does Government Listen to the Public? Measuring Democratic Responsiveness and Its Impact on Business Performance, with Changhyun Ahn, Camilla (Eunyoung) Song, and Joonwoo Yang, Revise and resubmit, Management Science

Data (two CSV files and a README, 2.0 MB zip)

 

State-level Economic Policy Uncertainty (SEPU) Indices

Monthly economic policy uncertainty indices for each of the 50 U.S. states, based on newspaper coverage frequency in 204 million newspaper articles, March 1984 to December 2019. Start dates differ by state; Delaware has the latest, January 2007.

From Measuring "State-level" Economic Policy Uncertainty, with Redouane Elkamhi and Marco Salerno, Journal of Financial and Quantitative Analysis, 2024

Data (CSV, one row per state and month, 0.6 MB) · Paper · SSRN

 

 

Replication Packages

A One-Factor Model of Corporate Bond Premia

with Redouane Elkamhi and Yoshio Nozawa, Management Science, 2024

Data and code · Paper · SSRN

 

Asset holders’ Consumption Risk and Tests of Conditional CCAPM

with Redouane Elkamhi, Journal of Financial Economics, 2023

Data and code (zip, 2.6 MB) · Paper · SSRN