UNCERTAINTY IN SLOVENIA AND THE UNITED STATES BEFORE AND DURING THE COVID-19 CRISIS

Over the past year and a half, as long as the Covid-19 pandemic has lasted, uncertainty has become the new normal. In just a few months, the Covid-19 pandemic has changed the way we live, work, travel and socialise. Due to the Covid-19 pandemic, there is a lot of interest among policymakers and researchers in studying uncertainty and its impact on the economy. In this paper, I study the uncertainty in Slovenia and the United States before and during the Covid-19 crisis, which hit both countries hard. I find that uncertainty in Slovenia and the United States peaked in early 2020, when SARS-CoV-2, the virus that causes Covid-19, began to spread outside of China. During this time, companies and households had to adapt to the new situation.