Table Data - Equity Market Volatility Tracker: Fiscal Policy
| Title | Equity Market Volatility Tracker: Fiscal Policy |
|---|---|
| Series ID | EMVFISCALPOL |
| Source | Baker, Scott R., Bloom, Nick, Davis, Steven J. |
| Release | Economic Policy Uncertainty (Not a Press Release) |
| Seasonal Adjustment | Not Seasonally Adjusted |
| Frequency | Monthly |
| Units | Index |
| Date Range | 1985-01-01 to 2026-05-01 |
| Last Updated | 2026-06-02 8:03 AM CDT |
| Notes | The Equity Market Volatility tracker moves with the VIX and with the realized volatility of returns on the S&P 500. For more information, see Baker, Scott, Nicholas Bloom and Steven Davis (2019), 'Policy News and Stack Market Volatility' |
| DATE | VALUE |
|---|---|
| 1985-01-01 | 4.60235 |
| 1985-02-01 | 5.01391 |
| 1985-03-01 | 5.20941 |
| 1985-04-01 | 4.06342 |
| 1985-05-01 | 5.01716 |
| 1985-06-01 | 3.35498 |
| 1985-07-01 | 4.09600 |
| 1985-08-01 | 3.60452 |
| 1985-09-01 | 5.09750 |
| 1985-10-01 | 5.07529 |
| 1985-11-01 | 4.59634 |
| 1985-12-01 | 4.93827 |
| 1986-01-01 | 4.40561 |
| 1986-02-01 | 5.00913 |
| 1986-03-01 | 7.27463 |
| 1986-04-01 | 4.37224 |
| 1986-05-01 | 5.13717 |
| 1986-06-01 | 5.17579 |
| 1986-07-01 | 5.82898 |
| 1986-08-01 | 5.70117 |
| 1986-09-01 | 6.75380 |
| 1986-10-01 | 5.57201 |
| 1986-11-01 | 5.69738 |
| 1986-12-01 | 5.36367 |
| 1987-01-01 | 7.12772 |
| 1987-02-01 | 4.82515 |
| 1987-03-01 | 5.89909 |
| 1987-04-01 | 6.41310 |
| 1987-05-01 | 5.74706 |
| 1987-06-01 | 5.79483 |
| 1987-07-01 | 4.47427 |
| 1987-08-01 | 4.27966 |
| 1987-09-01 | 4.11468 |
| 1987-10-01 | 20.69277 |
| 1987-11-01 | 22.06531 |
| 1987-12-01 | 12.32620 |
| 1988-01-01 | 11.73389 |
| 1988-02-01 | 7.00492 |
| 1988-03-01 | 4.38897 |
| 1988-04-01 | 6.45191 |
| 1988-05-01 | 6.95205 |
| 1988-06-01 | 6.89154 |
| 1988-07-01 | 5.64424 |
| 1988-08-01 | 5.34173 |
| 1988-09-01 | 4.32835 |
| 1988-10-01 | 7.40892 |
| 1988-11-01 | 7.15122 |
| 1988-12-01 | 5.97540 |
| 1989-01-01 | 8.03667 |
| 1989-02-01 | 6.21450 |
| 1989-03-01 | 3.68858 |
| 1989-04-01 | 4.47008 |
| 1989-05-01 | 4.10721 |
| 1989-06-01 | 4.54972 |
| 1989-07-01 | 4.63536 |
| 1989-08-01 | 4.58972 |
| 1989-09-01 | 5.09063 |
| 1989-10-01 | 6.39709 |
| 1989-11-01 | 5.47288 |
| 1989-12-01 | 6.08056 |
| 1990-01-01 | 5.11091 |
| 1990-02-01 | 5.68556 |
| 1990-03-01 | 4.14296 |
| 1990-04-01 | 4.18119 |
| 1990-05-01 | 3.86530 |
| 1990-06-01 | 3.33320 |
| 1990-07-01 | 5.18550 |
| 1990-08-01 | 4.52299 |
| 1990-09-01 | 4.89449 |
| 1990-10-01 | 8.27623 |
| 1990-11-01 | 5.09463 |
| 1990-12-01 | 5.17098 |
| 1991-01-01 | 5.93859 |
| 1991-02-01 | 5.84656 |
| 1991-03-01 | 4.05841 |
| 1991-04-01 | 4.49145 |
| 1991-05-01 | 4.28185 |
| 1991-06-01 | 5.59621 |
| 1991-07-01 | 4.74175 |
| 1991-08-01 | 4.93620 |
| 1991-09-01 | 4.85016 |
| 1991-10-01 | 4.37868 |
| 1991-11-01 | 7.94331 |
| 1991-12-01 | 6.36794 |
| 1992-01-01 | 8.05521 |
| 1992-02-01 | 7.34596 |
| 1992-03-01 | 6.33865 |
| 1992-04-01 | 5.12284 |
| 1992-05-01 | 4.62779 |
| 1992-06-01 | 5.18432 |
| 1992-07-01 | 6.09592 |
| 1992-08-01 | 3.95244 |
| 1992-09-01 | 5.34285 |
| 1992-10-01 | 6.35111 |
| 1992-11-01 | 5.82829 |
| 1992-12-01 | 3.88617 |
| 1993-01-01 | 7.11167 |
| 1993-02-01 | 8.16758 |
| 1993-03-01 | 7.47899 |
| 1993-04-01 | 5.83530 |
| 1993-05-01 | 5.85521 |
| 1993-06-01 | 5.77068 |
| 1993-07-01 | 5.38189 |
| 1993-08-01 | 7.10781 |
| 1993-09-01 | 5.93887 |
| 1993-10-01 | 4.48054 |
| 1993-11-01 | 4.77140 |
| 1993-12-01 | 5.41271 |
| 1994-01-01 | 6.51368 |
| 1994-02-01 | 4.55297 |
| 1994-03-01 | 5.39428 |
| 1994-04-01 | 7.86469 |
| 1994-05-01 | 5.11351 |
| 1994-06-01 | 5.02701 |
| 1994-07-01 | 5.42756 |
| 1994-08-01 | 5.10414 |
| 1994-09-01 | 5.06576 |
| 1994-10-01 | 6.10670 |
| 1994-11-01 | 4.96898 |
| 1994-12-01 | 8.38351 |
| 1995-01-01 | 7.45585 |
| 1995-02-01 | 7.16070 |
| 1995-03-01 | 5.45829 |
| 1995-04-01 | 5.19371 |
| 1995-05-01 | 3.41022 |
| 1995-06-01 | 4.10205 |
| 1995-07-01 | 5.47790 |
| 1995-08-01 | 4.58883 |
| 1995-09-01 | 4.63225 |
| 1995-10-01 | 6.19445 |
| 1995-11-01 | 7.41973 |
| 1995-12-01 | 9.33395 |
| 1996-01-01 | 10.93108 |
| 1996-02-01 | 6.65338 |
| 1996-03-01 | 8.37259 |
| 1996-04-01 | 4.85674 |
| 1996-05-01 | 5.17767 |
| 1996-06-01 | 7.00570 |
| 1996-07-01 | 8.18419 |
| 1996-08-01 | 5.94598 |
| 1996-09-01 | 4.82278 |
| 1996-10-01 | 6.60374 |
| 1996-11-01 | 5.34646 |
| 1996-12-01 | 9.02531 |
| 1997-01-01 | 9.09964 |
| 1997-02-01 | 6.96927 |
| 1997-03-01 | 8.05572 |
| 1997-04-01 | 8.43499 |
| 1997-05-01 | 7.02295 |
| 1997-06-01 | 8.78066 |
| 1997-07-01 | 9.68370 |
| 1997-08-01 | 7.61330 |
| 1997-09-01 | 7.18953 |
| 1997-10-01 | 11.48600 |
| 1997-11-01 | 9.97534 |
| 1997-12-01 | 8.82806 |
| 1998-01-01 | 11.89240 |
| 1998-02-01 | 7.47719 |
| 1998-03-01 | 6.76141 |
| 1998-04-01 | 9.73665 |
| 1998-05-01 | 9.61624 |
| 1998-06-01 | 9.47290 |
| 1998-07-01 | 11.38018 |
| 1998-08-01 | 13.96285 |
| 1998-09-01 | 14.50112 |
| 1998-10-01 | 13.78908 |
| 1998-11-01 | 11.88379 |
| 1998-12-01 | 9.48524 |
| 1999-01-01 | 14.97480 |
| 1999-02-01 | 7.81063 |
| 1999-03-01 | 9.09999 |
| 1999-04-01 | 8.52476 |
| 1999-05-01 | 6.65521 |
| 1999-06-01 | 6.75050 |
| 1999-07-01 | 8.25931 |
| 1999-08-01 | 7.46593 |
| 1999-09-01 | 6.68278 |
| 1999-10-01 | 8.80859 |
| 1999-11-01 | 6.18260 |
| 1999-12-01 | 6.13337 |
| 2000-01-01 | 7.31802 |
| 2000-02-01 | 5.21263 |
| 2000-03-01 | 6.21540 |
| 2000-04-01 | 11.05578 |
| 2000-05-01 | 11.77920 |
| 2000-06-01 | 7.00199 |
| 2000-07-01 | 6.24195 |
| 2000-08-01 | 5.32366 |
| 2000-09-01 | 5.09178 |
| 2000-10-01 | 9.50702 |
| 2000-11-01 | 8.85310 |
| 2000-12-01 | 11.38948 |
| 2001-01-01 | 9.65719 |
| 2001-02-01 | 6.66535 |
| 2001-03-01 | 10.13918 |
| 2001-04-01 | 8.91350 |
| 2001-05-01 | 7.85301 |
| 2001-06-01 | 5.09159 |
| 2001-07-01 | 8.82631 |
| 2001-08-01 | 7.17574 |
| 2001-09-01 | 15.15924 |
| 2001-10-01 | 10.91166 |
| 2001-11-01 | 9.08903 |
| 2001-12-01 | 8.61464 |
| 2002-01-01 | 11.07004 |
| 2002-02-01 | 7.44833 |
| 2002-03-01 | 5.00348 |
| 2002-04-01 | 5.95177 |
| 2002-05-01 | 5.32025 |
| 2002-06-01 | 7.85618 |
| 2002-07-01 | 19.03462 |
| 2002-08-01 | 13.20472 |
| 2002-09-01 | 11.11431 |
| 2002-10-01 | 10.04056 |
| 2002-11-01 | 9.20948 |
| 2002-12-01 | 10.22750 |
| 2003-01-01 | 13.14210 |
| 2003-02-01 | 8.24315 |
| 2003-03-01 | 9.24123 |
| 2003-04-01 | 9.34333 |
| 2003-05-01 | 8.05804 |
| 2003-06-01 | 8.01056 |
| 2003-07-01 | 8.10660 |
| 2003-08-01 | 6.64053 |
| 2003-09-01 | 5.39379 |
| 2003-10-01 | 5.48944 |
| 2003-11-01 | 4.98510 |
| 2003-12-01 | 4.98308 |
| 2004-01-01 | 6.87225 |
| 2004-02-01 | 4.36478 |
| 2004-03-01 | 4.88537 |
| 2004-04-01 | 5.77194 |
| 2004-05-01 | 4.86075 |
| 2004-06-01 | 4.49089 |
| 2004-07-01 | 6.10755 |
| 2004-08-01 | 4.79860 |
| 2004-09-01 | 4.90310 |
| 2004-10-01 | 5.83746 |
| 2004-11-01 | 5.70770 |
| 2004-12-01 | 6.75156 |
| 2005-01-01 | 4.70283 |
| 2005-02-01 | 6.52526 |
| 2005-03-01 | 5.19322 |
| 2005-04-01 | 6.49298 |
| 2005-05-01 | 4.35229 |
| 2005-06-01 | 5.38299 |
| 2005-07-01 | 4.25708 |
| 2005-08-01 | 5.08077 |
| 2005-09-01 | 3.30557 |
| 2005-10-01 | 3.99567 |
| 2005-11-01 | 3.00327 |
| 2005-12-01 | 4.30897 |
| 2006-01-01 | 5.16978 |
| 2006-02-01 | 3.69172 |
| 2006-03-01 | 4.00116 |
| 2006-04-01 | 3.99142 |
| 2006-05-01 | 4.27134 |
| 2006-06-01 | 4.27294 |
| 2006-07-01 | 4.84029 |
| 2006-08-01 | 3.74129 |
| 2006-09-01 | 3.94303 |
| 2006-10-01 | 4.46265 |
| 2006-11-01 | 3.89672 |
| 2006-12-01 | 4.84369 |
| 2007-01-01 | 4.46557 |
| 2007-02-01 | 3.75973 |
| 2007-03-01 | 6.25165 |
| 2007-04-01 | 5.63360 |
| 2007-05-01 | 5.37722 |
| 2007-06-01 | 6.75670 |
| 2007-07-01 | 6.19964 |
| 2007-08-01 | 7.81108 |
| 2007-09-01 | 6.15579 |
| 2007-10-01 | 5.22320 |
| 2007-11-01 | 4.89515 |
| 2007-12-01 | 7.35454 |
| 2008-01-01 | 11.57078 |
| 2008-02-01 | 6.89656 |
| 2008-03-01 | 7.30465 |
| 2008-04-01 | 5.52450 |
| 2008-05-01 | 4.83893 |
| 2008-06-01 | 4.47381 |
| 2008-07-01 | 7.21319 |
| 2008-08-01 | 4.85124 |
| 2008-09-01 | 15.31433 |
| 2008-10-01 | 23.92948 |
| 2008-11-01 | 12.38371 |
| 2008-12-01 | 10.33402 |
| 2009-01-01 | 11.08297 |
| 2009-02-01 | 11.22889 |
| 2009-03-01 | 11.49290 |
| 2009-04-01 | 7.01687 |
| 2009-05-01 | 6.62848 |
| 2009-06-01 | 5.83893 |
| 2009-07-01 | 5.80308 |
| 2009-08-01 | 5.64020 |
| 2009-09-01 | 4.87755 |
| 2009-10-01 | 5.96268 |
| 2009-11-01 | 5.22910 |
| 2009-12-01 | 4.34624 |
| 2010-01-01 | 8.57403 |
| 2010-02-01 | 6.32401 |
| 2010-03-01 | 4.88221 |
| 2010-04-01 | 6.77708 |
| 2010-05-01 | 8.26184 |
| 2010-06-01 | 7.78380 |
| 2010-07-01 | 8.69585 |
| 2010-08-01 | 5.74080 |
| 2010-09-01 | 6.49522 |
| 2010-10-01 | 5.85563 |
| 2010-11-01 | 7.62057 |
| 2010-12-01 | 6.20140 |
| 2011-01-01 | 8.07422 |
| 2011-02-01 | 5.23762 |
| 2011-03-01 | 6.98965 |
| 2011-04-01 | 6.92687 |
| 2011-05-01 | 5.70412 |
| 2011-06-01 | 7.58450 |
| 2011-07-01 | 15.62165 |
| 2011-08-01 | 31.15749 |
| 2011-09-01 | 11.48280 |
| 2011-10-01 | 11.96030 |
| 2011-11-01 | 11.74945 |
| 2011-12-01 | 10.80891 |
| 2012-01-01 | 10.03266 |
| 2012-02-01 | 7.40273 |
| 2012-03-01 | 5.99847 |
| 2012-04-01 | 5.70680 |
| 2012-05-01 | 7.35335 |
| 2012-06-01 | 7.18687 |
| 2012-07-01 | 7.20410 |
| 2012-08-01 | 7.41173 |
| 2012-09-01 | 7.50652 |
| 2012-10-01 | 7.32940 |
| 2012-11-01 | 9.08677 |
| 2012-12-01 | 10.24910 |
| 2013-01-01 | 9.51356 |
| 2013-02-01 | 9.90581 |
| 2013-03-01 | 9.06626 |
| 2013-04-01 | 5.60074 |
| 2013-05-01 | 6.11299 |
| 2013-06-01 | 5.80832 |
| 2013-07-01 | 5.66109 |
| 2013-08-01 | 5.10418 |
| 2013-09-01 | 8.74507 |
| 2013-10-01 | 12.43103 |
| 2013-11-01 | 5.08802 |
| 2013-12-01 | 5.63628 |
| 2014-01-01 | 5.82878 |
| 2014-02-01 | 3.89033 |
| 2014-03-01 | 4.70492 |
| 2014-04-01 | 4.95865 |
| 2014-05-01 | 4.44429 |
| 2014-06-01 | 3.60078 |
| 2014-07-01 | 3.81163 |
| 2014-08-01 | 4.61547 |
| 2014-09-01 | 4.19482 |
| 2014-10-01 | 6.94552 |
| 2014-11-01 | 5.33927 |
| 2014-12-01 | 4.68273 |
| 2015-01-01 | 7.77843 |
| 2015-02-01 | 4.63080 |
| 2015-03-01 | 3.13825 |
| 2015-04-01 | 4.48427 |
| 2015-05-01 | 3.67194 |
| 2015-06-01 | 4.02329 |
| 2015-07-01 | 6.78528 |
| 2015-08-01 | 7.02087 |
| 2015-09-01 | 6.15869 |
| 2015-10-01 | 5.33971 |
| 2015-11-01 | 4.71090 |
| 2015-12-01 | 5.43774 |
| 2016-01-01 | 5.49124 |
| 2016-02-01 | 5.40245 |
| 2016-03-01 | 4.22048 |
| 2016-04-01 | 3.79894 |
| 2016-05-01 | 3.49497 |
| 2016-06-01 | 5.37021 |
| 2016-07-01 | 3.13516 |
| 2016-08-01 | 2.86666 |
| 2016-09-01 | 2.36430 |
| 2016-10-01 | 4.46051 |
| 2016-11-01 | 8.14914 |
| 2016-12-01 | 5.88574 |
| 2017-01-01 | 8.19357 |
| 2017-02-01 | 7.84764 |
| 2017-03-01 | 6.74606 |
| 2017-04-01 | 7.09944 |
| 2017-05-01 | 4.06184 |
| 2017-06-01 | 4.07568 |
| 2017-07-01 | 4.52635 |
| 2017-08-01 | 6.48672 |
| 2017-09-01 | 4.56926 |
| 2017-10-01 | 4.83061 |
| 2017-11-01 | 6.26819 |
| 2017-12-01 | 9.81849 |
| 2018-01-01 | 8.76865 |
| 2018-02-01 | 14.60275 |
| 2018-03-01 | 8.30747 |
| 2018-04-01 | 7.17672 |
| 2018-05-01 | 6.88883 |
| 2018-06-01 | 4.07845 |
| 2018-07-01 | 5.52436 |
| 2018-08-01 | 5.29527 |
| 2018-09-01 | 8.62843 |
| 2018-10-01 | 8.20157 |
| 2018-11-01 | 9.58146 |
| 2018-12-01 | 19.47012 |
| 2019-01-01 | 17.74617 |
| 2019-02-01 | 6.27022 |
| 2019-03-01 | 7.21828 |
| 2019-04-01 | 6.83884 |
| 2019-05-01 | 8.06261 |
| 2019-06-01 | 7.33482 |
| 2019-07-01 | 6.80944 |
| 2019-08-01 | 11.41610 |
| 2019-09-01 | 5.41444 |
| 2019-10-01 | 2.87000 |
| 2019-11-01 | 5.85071 |
| 2019-12-01 | 9.75965 |
| 2020-01-01 | 4.35113 |
| 2020-02-01 | 5.69233 |
| 2020-03-01 | 21.28499 |
| 2020-04-01 | 13.70999 |
| 2020-05-01 | 10.03249 |
| 2020-06-01 | 10.61213 |
| 2020-07-01 | 8.08863 |
| 2020-08-01 | 11.57517 |
| 2020-09-01 | 4.61691 |
| 2020-10-01 | 11.52053 |
| 2020-11-01 | 7.64780 |
| 2020-12-01 | 6.95380 |
| 2021-01-01 | 8.06190 |
| 2021-02-01 | 7.39463 |
| 2021-03-01 | 8.97228 |
| 2021-04-01 | 6.45121 |
| 2021-05-01 | 7.36197 |
| 2021-06-01 | 7.65772 |
| 2021-07-01 | 4.48956 |
| 2021-08-01 | 6.54703 |
| 2021-09-01 | 10.64209 |
| 2021-10-01 | 8.38989 |
| 2021-11-01 | 3.56955 |
| 2021-12-01 | 6.85835 |
| 2022-01-01 | 6.10563 |
| 2022-02-01 | 7.88563 |
| 2022-03-01 | 4.42230 |
| 2022-04-01 | 5.23627 |
| 2022-05-01 | 8.32843 |
| 2022-06-01 | 5.30267 |
| 2022-07-01 | 6.53219 |
| 2022-08-01 | 4.45991 |
| 2022-09-01 | 5.13176 |
| 2022-10-01 | 7.96963 |
| 2022-11-01 | 5.62795 |
| 2022-12-01 | 6.37637 |
| 2023-01-01 | 6.19323 |
| 2023-02-01 | 5.15063 |
| 2023-03-01 | 6.54035 |
| 2023-04-01 | 6.85503 |
| 2023-05-01 | 12.06947 |
| 2023-06-01 | 5.95715 |
| 2023-07-01 | 4.87470 |
| 2023-08-01 | 5.05762 |
| 2023-09-01 | 6.77526 |
| 2023-10-01 | 4.28085 |
| 2023-11-01 | 6.40275 |
| 2023-12-01 | 7.40636 |
| 2024-01-01 | 5.66576 |
| 2024-02-01 | 6.27615 |
| 2024-03-01 | 5.21424 |
| 2024-04-01 | 3.69059 |
| 2024-05-01 | 4.21030 |
| 2024-06-01 | 5.97096 |
| 2024-07-01 | 8.17280 |
| 2024-08-01 | 6.62004 |
| 2024-09-01 | 8.62958 |
| 2024-10-01 | 9.20186 |
| 2024-11-01 | 9.93436 |
| 2024-12-01 | 7.53841 |
| 2025-01-01 | 8.32353 |
| 2025-02-01 | 8.52267 |
| 2025-03-01 | 24.46928 |
| 2025-04-01 | 34.43374 |
| 2025-05-01 | 14.98015 |
| 2025-06-01 | 9.76333 |
| 2025-07-01 | 14.79928 |
| 2025-08-01 | 14.90960 |
| 2025-09-01 | 10.81065 |
| 2025-10-01 | 11.17741 |
| 2025-11-01 | 9.35194 |
| 2025-12-01 | 12.53773 |
| 2026-01-01 | 12.83008 |
| 2026-02-01 | 13.46471 |
| 2026-03-01 | 7.37450 |
| 2026-04-01 | 8.18935 |
| 2026-05-01 | 10.81799 |