Uncertainty Amongst a Geopolitical Crisis: An Event Study of the Ukraine Conflict

As the world falls into crisis mode, it becomes the time to make policy decisions that steer the course of a nation and push it across to the other side. During the Ukraine Conflict, many countries swooped in as the saving grace to Ukraine against the militaristic actions taken by the Russian Federation. This event study demonstrates the changes in the Global Economic Policy Uncertainty do occur during this window of time. However, these returns are not far enough from their mean to conclusively deem them as abnormal changes caused by this geopolitical crisis.