Table Data - Equity Market Volatility Tracker: National Security Policy
| Title | Equity Market Volatility Tracker: National Security Policy |
|---|---|
| Series ID | EMVNATSEC |
| 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 | 1.04966 |
| 1985-02-01 | 2.34522 |
| 1985-03-01 | 0.74420 |
| 1985-04-01 | 0.71288 |
| 1985-05-01 | 0.92421 |
| 1985-06-01 | 0.52627 |
| 1985-07-01 | 0.65536 |
| 1985-08-01 | 1.08974 |
| 1985-09-01 | 1.52925 |
| 1985-10-01 | 0.62658 |
| 1985-11-01 | 1.14909 |
| 1985-12-01 | 1.73160 |
| 1986-01-01 | 1.57813 |
| 1986-02-01 | 1.45426 |
| 1986-03-01 | 1.53501 |
| 1986-04-01 | 1.37040 |
| 1986-05-01 | 0.83305 |
| 1986-06-01 | 1.46140 |
| 1986-07-01 | 1.23866 |
| 1986-08-01 | 1.49316 |
| 1986-09-01 | 1.86074 |
| 1986-10-01 | 1.53711 |
| 1986-11-01 | 1.81565 |
| 1986-12-01 | 1.22432 |
| 1987-01-01 | 1.66313 |
| 1987-02-01 | 1.41224 |
| 1987-03-01 | 2.00148 |
| 1987-04-01 | 2.51943 |
| 1987-05-01 | 2.38010 |
| 1987-06-01 | 1.49010 |
| 1987-07-01 | 1.18595 |
| 1987-08-01 | 2.03545 |
| 1987-09-01 | 0.97969 |
| 1987-10-01 | 7.46477 |
| 1987-11-01 | 6.86727 |
| 1987-12-01 | 4.79958 |
| 1988-01-01 | 4.22201 |
| 1988-02-01 | 1.65471 |
| 1988-03-01 | 2.11881 |
| 1988-04-01 | 1.81977 |
| 1988-05-01 | 2.53805 |
| 1988-06-01 | 2.02692 |
| 1988-07-01 | 2.40180 |
| 1988-08-01 | 1.45683 |
| 1988-09-01 | 1.30857 |
| 1988-10-01 | 2.59053 |
| 1988-11-01 | 1.92728 |
| 1988-12-01 | 1.99180 |
| 1989-01-01 | 2.29619 |
| 1989-02-01 | 1.53937 |
| 1989-03-01 | 1.04738 |
| 1989-04-01 | 1.38250 |
| 1989-05-01 | 1.75308 |
| 1989-06-01 | 1.94988 |
| 1989-07-01 | 1.35415 |
| 1989-08-01 | 1.26613 |
| 1989-09-01 | 1.46845 |
| 1989-10-01 | 1.75328 |
| 1989-11-01 | 2.25945 |
| 1989-12-01 | 2.91465 |
| 1990-01-01 | 2.02508 |
| 1990-02-01 | 1.71751 |
| 1990-03-01 | 1.69282 |
| 1990-04-01 | 1.04530 |
| 1990-05-01 | 0.88230 |
| 1990-06-01 | 1.32348 |
| 1990-07-01 | 1.35274 |
| 1990-08-01 | 5.71325 |
| 1990-09-01 | 4.18807 |
| 1990-10-01 | 4.31804 |
| 1990-11-01 | 4.05684 |
| 1990-12-01 | 4.52461 |
| 1991-01-01 | 12.13765 |
| 1991-02-01 | 8.38007 |
| 1991-03-01 | 4.87009 |
| 1991-04-01 | 3.50552 |
| 1991-05-01 | 2.61088 |
| 1991-06-01 | 2.35919 |
| 1991-07-01 | 2.39944 |
| 1991-08-01 | 2.57312 |
| 1991-09-01 | 2.10877 |
| 1991-10-01 | 1.80299 |
| 1991-11-01 | 2.93794 |
| 1991-12-01 | 2.44529 |
| 1992-01-01 | 3.14484 |
| 1992-02-01 | 2.76886 |
| 1992-03-01 | 2.19808 |
| 1992-04-01 | 1.97443 |
| 1992-05-01 | 2.07453 |
| 1992-06-01 | 2.51030 |
| 1992-07-01 | 2.42846 |
| 1992-08-01 | 1.88839 |
| 1992-09-01 | 1.68722 |
| 1992-10-01 | 1.82164 |
| 1992-11-01 | 2.40838 |
| 1992-12-01 | 1.21443 |
| 1993-01-01 | 2.48344 |
| 1993-02-01 | 1.90776 |
| 1993-03-01 | 1.48480 |
| 1993-04-01 | 1.36339 |
| 1993-05-01 | 2.00914 |
| 1993-06-01 | 1.52753 |
| 1993-07-01 | 2.17566 |
| 1993-08-01 | 1.70588 |
| 1993-09-01 | 1.44147 |
| 1993-10-01 | 1.54501 |
| 1993-11-01 | 1.82278 |
| 1993-12-01 | 1.91037 |
| 1994-01-01 | 1.55088 |
| 1994-02-01 | 2.62466 |
| 1994-03-01 | 2.62008 |
| 1994-04-01 | 2.98514 |
| 1994-05-01 | 1.77201 |
| 1994-06-01 | 2.21780 |
| 1994-07-01 | 1.88536 |
| 1994-08-01 | 1.53124 |
| 1994-09-01 | 2.13888 |
| 1994-10-01 | 2.70297 |
| 1994-11-01 | 2.30142 |
| 1994-12-01 | 1.67670 |
| 1995-01-01 | 2.88438 |
| 1995-02-01 | 3.20347 |
| 1995-03-01 | 2.40165 |
| 1995-04-01 | 1.62304 |
| 1995-05-01 | 1.46152 |
| 1995-06-01 | 1.38661 |
| 1995-07-01 | 1.70423 |
| 1995-08-01 | 1.37665 |
| 1995-09-01 | 1.34658 |
| 1995-10-01 | 1.53491 |
| 1995-11-01 | 1.41328 |
| 1995-12-01 | 1.21220 |
| 1996-01-01 | 2.18622 |
| 1996-02-01 | 1.75750 |
| 1996-03-01 | 2.90715 |
| 1996-04-01 | 1.34584 |
| 1996-05-01 | 1.50319 |
| 1996-06-01 | 1.61670 |
| 1996-07-01 | 2.56147 |
| 1996-08-01 | 1.43955 |
| 1996-09-01 | 1.71846 |
| 1996-10-01 | 1.38734 |
| 1996-11-01 | 1.38167 |
| 1996-12-01 | 1.30630 |
| 1997-01-01 | 1.97342 |
| 1997-02-01 | 2.35967 |
| 1997-03-01 | 2.31668 |
| 1997-04-01 | 2.49720 |
| 1997-05-01 | 1.93917 |
| 1997-06-01 | 2.41863 |
| 1997-07-01 | 1.78687 |
| 1997-08-01 | 1.99521 |
| 1997-09-01 | 2.47915 |
| 1997-10-01 | 3.26022 |
| 1997-11-01 | 3.63684 |
| 1997-12-01 | 2.85614 |
| 1998-01-01 | 3.14642 |
| 1998-02-01 | 2.87584 |
| 1998-03-01 | 1.71289 |
| 1998-04-01 | 2.59318 |
| 1998-05-01 | 3.00507 |
| 1998-06-01 | 2.44630 |
| 1998-07-01 | 2.56972 |
| 1998-08-01 | 4.87331 |
| 1998-09-01 | 4.50215 |
| 1998-10-01 | 2.88130 |
| 1998-11-01 | 2.82947 |
| 1998-12-01 | 3.07489 |
| 1999-01-01 | 4.57720 |
| 1999-02-01 | 2.31626 |
| 1999-03-01 | 2.74525 |
| 1999-04-01 | 2.69710 |
| 1999-05-01 | 2.50776 |
| 1999-06-01 | 1.90014 |
| 1999-07-01 | 2.77158 |
| 1999-08-01 | 2.72566 |
| 1999-09-01 | 2.69467 |
| 1999-10-01 | 2.98863 |
| 1999-11-01 | 2.32508 |
| 1999-12-01 | 2.11495 |
| 2000-01-01 | 3.16138 |
| 2000-02-01 | 1.22995 |
| 2000-03-01 | 1.80812 |
| 2000-04-01 | 2.93192 |
| 2000-05-01 | 3.60238 |
| 2000-06-01 | 2.00877 |
| 2000-07-01 | 1.49144 |
| 2000-08-01 | 1.49062 |
| 2000-09-01 | 1.23275 |
| 2000-10-01 | 2.53521 |
| 2000-11-01 | 2.40939 |
| 2000-12-01 | 3.35357 |
| 2001-01-01 | 2.42809 |
| 2001-02-01 | 1.96040 |
| 2001-03-01 | 2.35187 |
| 2001-04-01 | 2.21519 |
| 2001-05-01 | 1.19149 |
| 2001-06-01 | 1.13748 |
| 2001-07-01 | 1.96765 |
| 2001-08-01 | 1.61315 |
| 2001-09-01 | 23.38669 |
| 2001-10-01 | 12.61017 |
| 2001-11-01 | 7.75752 |
| 2001-12-01 | 5.04996 |
| 2002-01-01 | 4.97264 |
| 2002-02-01 | 3.14227 |
| 2002-03-01 | 2.24114 |
| 2002-04-01 | 3.14757 |
| 2002-05-01 | 3.00944 |
| 2002-06-01 | 5.92145 |
| 2002-07-01 | 10.10804 |
| 2002-08-01 | 6.43812 |
| 2002-09-01 | 13.36215 |
| 2002-10-01 | 10.41641 |
| 2002-11-01 | 6.93554 |
| 2002-12-01 | 8.10376 |
| 2003-01-01 | 12.42726 |
| 2003-02-01 | 11.81922 |
| 2003-03-01 | 19.44956 |
| 2003-04-01 | 13.69281 |
| 2003-05-01 | 6.13692 |
| 2003-06-01 | 4.45621 |
| 2003-07-01 | 4.13716 |
| 2003-08-01 | 2.96934 |
| 2003-09-01 | 2.93721 |
| 2003-10-01 | 2.29477 |
| 2003-11-01 | 2.06115 |
| 2003-12-01 | 2.70359 |
| 2004-01-01 | 4.38767 |
| 2004-02-01 | 2.07846 |
| 2004-03-01 | 3.72449 |
| 2004-04-01 | 2.83443 |
| 2004-05-01 | 2.61331 |
| 2004-06-01 | 2.81986 |
| 2004-07-01 | 3.60901 |
| 2004-08-01 | 4.43741 |
| 2004-09-01 | 2.80907 |
| 2004-10-01 | 3.19314 |
| 2004-11-01 | 2.61821 |
| 2004-12-01 | 2.42231 |
| 2005-01-01 | 2.92621 |
| 2005-02-01 | 1.93546 |
| 2005-03-01 | 1.58682 |
| 2005-04-01 | 2.04503 |
| 2005-05-01 | 1.68971 |
| 2005-06-01 | 1.82917 |
| 2005-07-01 | 2.27044 |
| 2005-08-01 | 1.99806 |
| 2005-09-01 | 1.58092 |
| 2005-10-01 | 1.63459 |
| 2005-11-01 | 1.60520 |
| 2005-12-01 | 1.56690 |
| 2006-01-01 | 2.44286 |
| 2006-02-01 | 1.31486 |
| 2006-03-01 | 1.62838 |
| 2006-04-01 | 1.41160 |
| 2006-05-01 | 1.79291 |
| 2006-06-01 | 1.76615 |
| 2006-07-01 | 2.24728 |
| 2006-08-01 | 1.89857 |
| 2006-09-01 | 1.42935 |
| 2006-10-01 | 2.01539 |
| 2006-11-01 | 2.05782 |
| 2006-12-01 | 2.35131 |
| 2007-01-01 | 2.66130 |
| 2007-02-01 | 2.33713 |
| 2007-03-01 | 3.12582 |
| 2007-04-01 | 2.74919 |
| 2007-05-01 | 3.09874 |
| 2007-06-01 | 2.56289 |
| 2007-07-01 | 3.40980 |
| 2007-08-01 | 3.74932 |
| 2007-09-01 | 2.40226 |
| 2007-10-01 | 2.14786 |
| 2007-11-01 | 2.44758 |
| 2007-12-01 | 2.52009 |
| 2008-01-01 | 4.42569 |
| 2008-02-01 | 3.08801 |
| 2008-03-01 | 3.41516 |
| 2008-04-01 | 2.15362 |
| 2008-05-01 | 1.23345 |
| 2008-06-01 | 1.68322 |
| 2008-07-01 | 2.70495 |
| 2008-08-01 | 1.51029 |
| 2008-09-01 | 7.71942 |
| 2008-10-01 | 8.24102 |
| 2008-11-01 | 3.78725 |
| 2008-12-01 | 3.56345 |
| 2009-01-01 | 3.03888 |
| 2009-02-01 | 2.30994 |
| 2009-03-01 | 3.41195 |
| 2009-04-01 | 1.93378 |
| 2009-05-01 | 1.65712 |
| 2009-06-01 | 1.42729 |
| 2009-07-01 | 1.20441 |
| 2009-08-01 | 1.42374 |
| 2009-09-01 | 1.41606 |
| 2009-10-01 | 1.17124 |
| 2009-11-01 | 1.26418 |
| 2009-12-01 | 0.70753 |
| 2010-01-01 | 1.70306 |
| 2010-02-01 | 0.72116 |
| 2010-03-01 | 1.18031 |
| 2010-04-01 | 1.13901 |
| 2010-05-01 | 2.36839 |
| 2010-06-01 | 1.36358 |
| 2010-07-01 | 1.50728 |
| 2010-08-01 | 1.16942 |
| 2010-09-01 | 1.19512 |
| 2010-10-01 | 1.98496 |
| 2010-11-01 | 1.42175 |
| 2010-12-01 | 1.26223 |
| 2011-01-01 | 1.94698 |
| 2011-02-01 | 1.30940 |
| 2011-03-01 | 2.52567 |
| 2011-04-01 | 1.55162 |
| 2011-05-01 | 1.18836 |
| 2011-06-01 | 1.06657 |
| 2011-07-01 | 1.60910 |
| 2011-08-01 | 5.62355 |
| 2011-09-01 | 1.77634 |
| 2011-10-01 | 2.40408 |
| 2011-11-01 | 2.11975 |
| 2011-12-01 | 2.09423 |
| 2012-01-01 | 2.29663 |
| 2012-02-01 | 1.77950 |
| 2012-03-01 | 1.34660 |
| 2012-04-01 | 1.29432 |
| 2012-05-01 | 1.13643 |
| 2012-06-01 | 1.36893 |
| 2012-07-01 | 1.83778 |
| 2012-08-01 | 1.11176 |
| 2012-09-01 | 1.76983 |
| 2012-10-01 | 1.95824 |
| 2012-11-01 | 2.23088 |
| 2012-12-01 | 2.03962 |
| 2013-01-01 | 1.77526 |
| 2013-02-01 | 3.41986 |
| 2013-03-01 | 2.45271 |
| 2013-04-01 | 1.51371 |
| 2013-05-01 | 1.19278 |
| 2013-06-01 | 1.70833 |
| 2013-07-01 | 1.57252 |
| 2013-08-01 | 1.39205 |
| 2013-09-01 | 2.11482 |
| 2013-10-01 | 1.44936 |
| 2013-11-01 | 1.58588 |
| 2013-12-01 | 1.48023 |
| 2014-01-01 | 1.82864 |
| 2014-02-01 | 1.22572 |
| 2014-03-01 | 2.26313 |
| 2014-04-01 | 1.34679 |
| 2014-05-01 | 1.75433 |
| 2014-06-01 | 0.87292 |
| 2014-07-01 | 1.48892 |
| 2014-08-01 | 2.16872 |
| 2014-09-01 | 1.17455 |
| 2014-10-01 | 1.58407 |
| 2014-11-01 | 1.09358 |
| 2014-12-01 | 1.09466 |
| 2015-01-01 | 2.09679 |
| 2015-02-01 | 1.09677 |
| 2015-03-01 | 0.98797 |
| 2015-04-01 | 1.15504 |
| 2015-05-01 | 0.75770 |
| 2015-06-01 | 0.99124 |
| 2015-07-01 | 2.42842 |
| 2015-08-01 | 3.78047 |
| 2015-09-01 | 2.56612 |
| 2015-10-01 | 1.31845 |
| 2015-11-01 | 1.54686 |
| 2015-12-01 | 1.41530 |
| 2016-01-01 | 1.68961 |
| 2016-02-01 | 1.52900 |
| 2016-03-01 | 1.46425 |
| 2016-04-01 | 1.09585 |
| 2016-05-01 | 1.65040 |
| 2016-06-01 | 1.72614 |
| 2016-07-01 | 0.98534 |
| 2016-08-01 | 1.22857 |
| 2016-09-01 | 1.51991 |
| 2016-10-01 | 1.28859 |
| 2016-11-01 | 3.21375 |
| 2016-12-01 | 0.99758 |
| 2017-01-01 | 3.63006 |
| 2017-02-01 | 1.98954 |
| 2017-03-01 | 0.85513 |
| 2017-04-01 | 2.01151 |
| 2017-05-01 | 1.74079 |
| 2017-06-01 | 1.32184 |
| 2017-07-01 | 1.43519 |
| 2017-08-01 | 2.59469 |
| 2017-09-01 | 1.81046 |
| 2017-10-01 | 1.16292 |
| 2017-11-01 | 1.72068 |
| 2017-12-01 | 2.86372 |
| 2018-01-01 | 3.60356 |
| 2018-02-01 | 2.33153 |
| 2018-03-01 | 6.33991 |
| 2018-04-01 | 6.55266 |
| 2018-05-01 | 3.31685 |
| 2018-06-01 | 4.30503 |
| 2018-07-01 | 3.87881 |
| 2018-08-01 | 3.26729 |
| 2018-09-01 | 4.46830 |
| 2018-10-01 | 5.22999 |
| 2018-11-01 | 5.32303 |
| 2018-12-01 | 10.71611 |
| 2019-01-01 | 7.69001 |
| 2019-02-01 | 2.50809 |
| 2019-03-01 | 3.83011 |
| 2019-04-01 | 3.10856 |
| 2019-05-01 | 4.28326 |
| 2019-06-01 | 5.53571 |
| 2019-07-01 | 4.08567 |
| 2019-08-01 | 14.34330 |
| 2019-09-01 | 4.97543 |
| 2019-10-01 | 3.82666 |
| 2019-11-01 | 4.05049 |
| 2019-12-01 | 5.66689 |
| 2020-01-01 | 4.48298 |
| 2020-02-01 | 4.35296 |
| 2020-03-01 | 19.32022 |
| 2020-04-01 | 6.32769 |
| 2020-05-01 | 4.59822 |
| 2020-06-01 | 4.28209 |
| 2020-07-01 | 2.79991 |
| 2020-08-01 | 3.58667 |
| 2020-09-01 | 2.46235 |
| 2020-10-01 | 4.29871 |
| 2020-11-01 | 2.60025 |
| 2020-12-01 | 4.07051 |
| 2021-01-01 | 2.91601 |
| 2021-02-01 | 1.12527 |
| 2021-03-01 | 3.84526 |
| 2021-04-01 | 2.74176 |
| 2021-05-01 | 1.38037 |
| 2021-06-01 | 2.21223 |
| 2021-07-01 | 1.82009 |
| 2021-08-01 | 1.20603 |
| 2021-09-01 | 2.53383 |
| 2021-10-01 | 2.25882 |
| 2021-11-01 | 2.14173 |
| 2021-12-01 | 3.13099 |
| 2022-01-01 | 1.45372 |
| 2022-02-01 | 4.41595 |
| 2022-03-01 | 12.06081 |
| 2022-04-01 | 6.50567 |
| 2022-05-01 | 9.99411 |
| 2022-06-01 | 4.77240 |
| 2022-07-01 | 5.09830 |
| 2022-08-01 | 2.06679 |
| 2022-09-01 | 3.05462 |
| 2022-10-01 | 4.05727 |
| 2022-11-01 | 3.70621 |
| 2022-12-01 | 2.55055 |
| 2023-01-01 | 3.47425 |
| 2023-02-01 | 3.01933 |
| 2023-03-01 | 3.18632 |
| 2023-04-01 | 2.71013 |
| 2023-05-01 | 4.07982 |
| 2023-06-01 | 2.88249 |
| 2023-07-01 | 2.95964 |
| 2023-08-01 | 2.80979 |
| 2023-09-01 | 1.88202 |
| 2023-10-01 | 3.42468 |
| 2023-11-01 | 2.87020 |
| 2023-12-01 | 2.96255 |
| 2024-01-01 | 3.71816 |
| 2024-02-01 | 1.90186 |
| 2024-03-01 | 2.69702 |
| 2024-04-01 | 2.34856 |
| 2024-05-01 | 3.58655 |
| 2024-06-01 | 3.35866 |
| 2024-07-01 | 2.20887 |
| 2024-08-01 | 2.36430 |
| 2024-09-01 | 3.09780 |
| 2024-10-01 | 3.00469 |
| 2024-11-01 | 3.50625 |
| 2024-12-01 | 2.88233 |
| 2025-01-01 | 3.88431 |
| 2025-02-01 | 8.25633 |
| 2025-03-01 | 20.67232 |
| 2025-04-01 | 34.21987 |
| 2025-05-01 | 14.76916 |
| 2025-06-01 | 6.21303 |
| 2025-07-01 | 6.37191 |
| 2025-08-01 | 5.39830 |
| 2025-09-01 | 4.23026 |
| 2025-10-01 | 4.16785 |
| 2025-11-01 | 3.04955 |
| 2025-12-01 | 6.26886 |
| 2026-01-01 | 5.90591 |
| 2026-02-01 | 5.47717 |
| 2026-03-01 | 12.46641 |
| 2026-04-01 | 10.69629 |
| 2026-05-01 | 8.51629 |