Table Data - Equity Market Volatility Tracker: Trade Policy
| Title | Equity Market Volatility Tracker: Trade Policy |
|---|---|
| Series ID | EMVTRADEPOLEMV |
| 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 | 0.08074 |
| 1985-02-01 | 0.08087 |
| 1985-03-01 | 0.16538 |
| 1985-04-01 | 0.14258 |
| 1985-05-01 | 0.13203 |
| 1985-06-01 | 0.06578 |
| 1985-07-01 | 0.16384 |
| 1985-08-01 | 0.16765 |
| 1985-09-01 | 0.29129 |
| 1985-10-01 | 0.12532 |
| 1985-11-01 | 0.28727 |
| 1985-12-01 | 0.12827 |
| 1986-01-01 | 0.19727 |
| 1986-02-01 | 0.00000 |
| 1986-03-01 | 0.33370 |
| 1986-04-01 | 0.19577 |
| 1986-05-01 | 0.20826 |
| 1986-06-01 | 0.30446 |
| 1986-07-01 | 0.21859 |
| 1986-08-01 | 0.33936 |
| 1986-09-01 | 0.48241 |
| 1986-10-01 | 0.32023 |
| 1986-11-01 | 0.50087 |
| 1986-12-01 | 0.17490 |
| 1987-01-01 | 0.35639 |
| 1987-02-01 | 0.64728 |
| 1987-03-01 | 0.47403 |
| 1987-04-01 | 1.43150 |
| 1987-05-01 | 0.40636 |
| 1987-06-01 | 0.05519 |
| 1987-07-01 | 0.32344 |
| 1987-08-01 | 0.05219 |
| 1987-09-01 | 0.04898 |
| 1987-10-01 | 2.19552 |
| 1987-11-01 | 1.91383 |
| 1987-12-01 | 1.19990 |
| 1988-01-01 | 0.98696 |
| 1988-02-01 | 0.82735 |
| 1988-03-01 | 0.50448 |
| 1988-04-01 | 0.38601 |
| 1988-05-01 | 0.44140 |
| 1988-06-01 | 0.20269 |
| 1988-07-01 | 0.36027 |
| 1988-08-01 | 0.53957 |
| 1988-09-01 | 0.15099 |
| 1988-10-01 | 0.56992 |
| 1988-11-01 | 0.30431 |
| 1988-12-01 | 0.49795 |
| 1989-01-01 | 0.49204 |
| 1989-02-01 | 0.17104 |
| 1989-03-01 | 0.22769 |
| 1989-04-01 | 0.23042 |
| 1989-05-01 | 0.40070 |
| 1989-06-01 | 0.24998 |
| 1989-07-01 | 0.31250 |
| 1989-08-01 | 0.26378 |
| 1989-09-01 | 0.09790 |
| 1989-10-01 | 0.66340 |
| 1989-11-01 | 0.30126 |
| 1989-12-01 | 0.55278 |
| 1990-01-01 | 0.43395 |
| 1990-02-01 | 0.35535 |
| 1990-03-01 | 0.40093 |
| 1990-04-01 | 0.34843 |
| 1990-05-01 | 0.37813 |
| 1990-06-01 | 0.29411 |
| 1990-07-01 | 0.62001 |
| 1990-08-01 | 0.71416 |
| 1990-09-01 | 0.30275 |
| 1990-10-01 | 0.41124 |
| 1990-11-01 | 0.37738 |
| 1990-12-01 | 0.32319 |
| 1991-01-01 | 0.52093 |
| 1991-02-01 | 0.19489 |
| 1991-03-01 | 0.27056 |
| 1991-04-01 | 0.21910 |
| 1991-05-01 | 0.57439 |
| 1991-06-01 | 0.54865 |
| 1991-07-01 | 0.39991 |
| 1991-08-01 | 0.31508 |
| 1991-09-01 | 0.57991 |
| 1991-10-01 | 0.36060 |
| 1991-11-01 | 0.87050 |
| 1991-12-01 | 0.45849 |
| 1992-01-01 | 0.71724 |
| 1992-02-01 | 0.73460 |
| 1992-03-01 | 0.35783 |
| 1992-04-01 | 0.69372 |
| 1992-05-01 | 0.37235 |
| 1992-06-01 | 1.03686 |
| 1992-07-01 | 1.33813 |
| 1992-08-01 | 1.18573 |
| 1992-09-01 | 0.46867 |
| 1992-10-01 | 0.88620 |
| 1992-11-01 | 0.57801 |
| 1992-12-01 | 0.38862 |
| 1993-01-01 | 0.62086 |
| 1993-02-01 | 0.53656 |
| 1993-03-01 | 0.49493 |
| 1993-04-01 | 0.38175 |
| 1993-05-01 | 0.74625 |
| 1993-06-01 | 0.84863 |
| 1993-07-01 | 1.43135 |
| 1993-08-01 | 0.79608 |
| 1993-09-01 | 0.92254 |
| 1993-10-01 | 1.49351 |
| 1993-11-01 | 3.75279 |
| 1993-12-01 | 1.22051 |
| 1994-01-01 | 2.01614 |
| 1994-02-01 | 0.80347 |
| 1994-03-01 | 2.62008 |
| 1994-04-01 | 2.06663 |
| 1994-05-01 | 0.91132 |
| 1994-06-01 | 0.88712 |
| 1994-07-01 | 0.74272 |
| 1994-08-01 | 1.22499 |
| 1994-09-01 | 0.61915 |
| 1994-10-01 | 0.75082 |
| 1994-11-01 | 0.78458 |
| 1994-12-01 | 1.98156 |
| 1995-01-01 | 2.66669 |
| 1995-02-01 | 1.31908 |
| 1995-03-01 | 0.76416 |
| 1995-04-01 | 0.81152 |
| 1995-05-01 | 0.48717 |
| 1995-06-01 | 1.21328 |
| 1995-07-01 | 0.60866 |
| 1995-08-01 | 0.40152 |
| 1995-09-01 | 0.16159 |
| 1995-10-01 | 0.38373 |
| 1995-11-01 | 0.23555 |
| 1995-12-01 | 0.60610 |
| 1996-01-01 | 0.86124 |
| 1996-02-01 | 0.56491 |
| 1996-03-01 | 0.87214 |
| 1996-04-01 | 0.46812 |
| 1996-05-01 | 0.66809 |
| 1996-06-01 | 0.47902 |
| 1996-07-01 | 0.68722 |
| 1996-08-01 | 0.62589 |
| 1996-09-01 | 0.27717 |
| 1996-10-01 | 0.33296 |
| 1996-11-01 | 0.30036 |
| 1996-12-01 | 0.59377 |
| 1997-01-01 | 0.38372 |
| 1997-02-01 | 0.43901 |
| 1997-03-01 | 0.21061 |
| 1997-04-01 | 0.88789 |
| 1997-05-01 | 0.36687 |
| 1997-06-01 | 0.78868 |
| 1997-07-01 | 0.23056 |
| 1997-08-01 | 0.63007 |
| 1997-09-01 | 0.44625 |
| 1997-10-01 | 1.25393 |
| 1997-11-01 | 0.67541 |
| 1997-12-01 | 0.72702 |
| 1998-01-01 | 0.95992 |
| 1998-02-01 | 0.41830 |
| 1998-03-01 | 0.09015 |
| 1998-04-01 | 0.39142 |
| 1998-05-01 | 0.60101 |
| 1998-06-01 | 0.36434 |
| 1998-07-01 | 0.36710 |
| 1998-08-01 | 1.25939 |
| 1998-09-01 | 1.25641 |
| 1998-10-01 | 1.08049 |
| 1998-11-01 | 0.96202 |
| 1998-12-01 | 0.62540 |
| 1999-01-01 | 0.90414 |
| 1999-02-01 | 0.53866 |
| 1999-03-01 | 0.61006 |
| 1999-04-01 | 0.91509 |
| 1999-05-01 | 0.38581 |
| 1999-06-01 | 0.50004 |
| 1999-07-01 | 0.22173 |
| 1999-08-01 | 0.53328 |
| 1999-09-01 | 0.75451 |
| 1999-10-01 | 0.62918 |
| 1999-11-01 | 0.95117 |
| 1999-12-01 | 1.00460 |
| 2000-01-01 | 0.81962 |
| 2000-02-01 | 0.52712 |
| 2000-03-01 | 0.73455 |
| 2000-04-01 | 1.46596 |
| 2000-05-01 | 0.85771 |
| 2000-06-01 | 0.68872 |
| 2000-07-01 | 0.66286 |
| 2000-08-01 | 0.58560 |
| 2000-09-01 | 0.21439 |
| 2000-10-01 | 0.79225 |
| 2000-11-01 | 1.17668 |
| 2000-12-01 | 0.88585 |
| 2001-01-01 | 0.77257 |
| 2001-02-01 | 0.44809 |
| 2001-03-01 | 0.94075 |
| 2001-04-01 | 0.68565 |
| 2001-05-01 | 0.43327 |
| 2001-06-01 | 0.32500 |
| 2001-07-01 | 0.50597 |
| 2001-08-01 | 0.83439 |
| 2001-09-01 | 1.55479 |
| 2001-10-01 | 0.46323 |
| 2001-11-01 | 0.57892 |
| 2001-12-01 | 0.53470 |
| 2002-01-01 | 1.00637 |
| 2002-02-01 | 0.58190 |
| 2002-03-01 | 0.57332 |
| 2002-04-01 | 0.57229 |
| 2002-05-01 | 0.42992 |
| 2002-06-01 | 1.05531 |
| 2002-07-01 | 2.03474 |
| 2002-08-01 | 1.11682 |
| 2002-09-01 | 0.74928 |
| 2002-10-01 | 0.53693 |
| 2002-11-01 | 0.62534 |
| 2002-12-01 | 0.83832 |
| 2003-01-01 | 0.71484 |
| 2003-02-01 | 0.78795 |
| 2003-03-01 | 0.53728 |
| 2003-04-01 | 0.42958 |
| 2003-05-01 | 0.48028 |
| 2003-06-01 | 0.63660 |
| 2003-07-01 | 0.61498 |
| 2003-08-01 | 0.43190 |
| 2003-09-01 | 0.74765 |
| 2003-10-01 | 0.26997 |
| 2003-11-01 | 0.47934 |
| 2003-12-01 | 0.26506 |
| 2004-01-01 | 0.63436 |
| 2004-02-01 | 0.36373 |
| 2004-03-01 | 0.24185 |
| 2004-04-01 | 0.10307 |
| 2004-05-01 | 0.36586 |
| 2004-06-01 | 0.36554 |
| 2004-07-01 | 0.27762 |
| 2004-08-01 | 0.36118 |
| 2004-09-01 | 0.10215 |
| 2004-10-01 | 0.29936 |
| 2004-11-01 | 0.52364 |
| 2004-12-01 | 0.61846 |
| 2005-01-01 | 0.15676 |
| 2005-02-01 | 0.11060 |
| 2005-03-01 | 0.14426 |
| 2005-04-01 | 0.30675 |
| 2005-05-01 | 0.20481 |
| 2005-06-01 | 0.62714 |
| 2005-07-01 | 0.33111 |
| 2005-08-01 | 0.39961 |
| 2005-09-01 | 0.28744 |
| 2005-10-01 | 0.54486 |
| 2005-11-01 | 0.00000 |
| 2005-12-01 | 0.16788 |
| 2006-01-01 | 0.39768 |
| 2006-02-01 | 0.15171 |
| 2006-03-01 | 0.51178 |
| 2006-04-01 | 0.14603 |
| 2006-05-01 | 0.42186 |
| 2006-06-01 | 0.28486 |
| 2006-07-01 | 0.51860 |
| 2006-08-01 | 0.39088 |
| 2006-09-01 | 0.39430 |
| 2006-10-01 | 0.28791 |
| 2006-11-01 | 0.52540 |
| 2006-12-01 | 0.42324 |
| 2007-01-01 | 0.40596 |
| 2007-02-01 | 0.40646 |
| 2007-03-01 | 0.87339 |
| 2007-04-01 | 0.67603 |
| 2007-05-01 | 0.63798 |
| 2007-06-01 | 0.69897 |
| 2007-07-01 | 0.36165 |
| 2007-08-01 | 0.83318 |
| 2007-09-01 | 0.30028 |
| 2007-10-01 | 0.53696 |
| 2007-11-01 | 0.95983 |
| 2007-12-01 | 0.66859 |
| 2008-01-01 | 0.31993 |
| 2008-02-01 | 0.41174 |
| 2008-03-01 | 0.71149 |
| 2008-04-01 | 0.51500 |
| 2008-05-01 | 0.28464 |
| 2008-06-01 | 0.39866 |
| 2008-07-01 | 0.56353 |
| 2008-08-01 | 0.73226 |
| 2008-09-01 | 1.12056 |
| 2008-10-01 | 1.77029 |
| 2008-11-01 | 0.72138 |
| 2008-12-01 | 0.71269 |
| 2009-01-01 | 0.47669 |
| 2009-02-01 | 0.76998 |
| 2009-03-01 | 0.53873 |
| 2009-04-01 | 0.27625 |
| 2009-05-01 | 0.35510 |
| 2009-06-01 | 0.25951 |
| 2009-07-01 | 0.32848 |
| 2009-08-01 | 0.21904 |
| 2009-09-01 | 0.10489 |
| 2009-10-01 | 0.37267 |
| 2009-11-01 | 0.11493 |
| 2009-12-01 | 0.25269 |
| 2010-01-01 | 0.17618 |
| 2010-02-01 | 0.05547 |
| 2010-03-01 | 0.21460 |
| 2010-04-01 | 0.51255 |
| 2010-05-01 | 0.33047 |
| 2010-06-01 | 0.22726 |
| 2010-07-01 | 0.28986 |
| 2010-08-01 | 0.10631 |
| 2010-09-01 | 0.41569 |
| 2010-10-01 | 0.14887 |
| 2010-11-01 | 0.34122 |
| 2010-12-01 | 0.27440 |
| 2011-01-01 | 0.51538 |
| 2011-02-01 | 0.00000 |
| 2011-03-01 | 0.35242 |
| 2011-04-01 | 0.05541 |
| 2011-05-01 | 0.47534 |
| 2011-06-01 | 0.65179 |
| 2011-07-01 | 0.33523 |
| 2011-08-01 | 1.67187 |
| 2011-09-01 | 0.50753 |
| 2011-10-01 | 0.48082 |
| 2011-11-01 | 0.48451 |
| 2011-12-01 | 0.40533 |
| 2012-01-01 | 0.18131 |
| 2012-02-01 | 0.14236 |
| 2012-03-01 | 0.12242 |
| 2012-04-01 | 0.29416 |
| 2012-05-01 | 0.40109 |
| 2012-06-01 | 0.06845 |
| 2012-07-01 | 0.29404 |
| 2012-08-01 | 0.12353 |
| 2012-09-01 | 0.12206 |
| 2012-10-01 | 0.27975 |
| 2012-11-01 | 0.16324 |
| 2012-12-01 | 0.10198 |
| 2013-01-01 | 0.00000 |
| 2013-02-01 | 0.39309 |
| 2013-03-01 | 0.13140 |
| 2013-04-01 | 0.05046 |
| 2013-05-01 | 0.44729 |
| 2013-06-01 | 0.14643 |
| 2013-07-01 | 0.15725 |
| 2013-08-01 | 0.15467 |
| 2013-09-01 | 0.34294 |
| 2013-10-01 | 0.33447 |
| 2013-11-01 | 0.52863 |
| 2013-12-01 | 0.28466 |
| 2014-01-01 | 0.05714 |
| 2014-02-01 | 0.10658 |
| 2014-03-01 | 0.35734 |
| 2014-04-01 | 0.24487 |
| 2014-05-01 | 0.05848 |
| 2014-06-01 | 0.27279 |
| 2014-07-01 | 0.11911 |
| 2014-08-01 | 0.05561 |
| 2014-09-01 | 0.00000 |
| 2014-10-01 | 0.30463 |
| 2014-11-01 | 0.19299 |
| 2014-12-01 | 0.24326 |
| 2015-01-01 | 0.06764 |
| 2015-02-01 | 0.12186 |
| 2015-03-01 | 0.11623 |
| 2015-04-01 | 0.06794 |
| 2015-05-01 | 0.23314 |
| 2015-06-01 | 0.40816 |
| 2015-07-01 | 0.35712 |
| 2015-08-01 | 1.23444 |
| 2015-09-01 | 0.58654 |
| 2015-10-01 | 0.39553 |
| 2015-11-01 | 0.21094 |
| 2015-12-01 | 0.29796 |
| 2016-01-01 | 0.50688 |
| 2016-02-01 | 0.50967 |
| 2016-03-01 | 0.51679 |
| 2016-04-01 | 0.36528 |
| 2016-05-01 | 0.48541 |
| 2016-06-01 | 0.76717 |
| 2016-07-01 | 0.35830 |
| 2016-08-01 | 0.20476 |
| 2016-09-01 | 0.92883 |
| 2016-10-01 | 0.39649 |
| 2016-11-01 | 2.63986 |
| 2016-12-01 | 0.79807 |
| 2017-01-01 | 2.17804 |
| 2017-02-01 | 0.33159 |
| 2017-03-01 | 0.47507 |
| 2017-04-01 | 1.53821 |
| 2017-05-01 | 0.29013 |
| 2017-06-01 | 0.44061 |
| 2017-07-01 | 0.44160 |
| 2017-08-01 | 0.82558 |
| 2017-09-01 | 0.25864 |
| 2017-10-01 | 0.80510 |
| 2017-11-01 | 0.49162 |
| 2017-12-01 | 1.09094 |
| 2018-01-01 | 0.84083 |
| 2018-02-01 | 0.49085 |
| 2018-03-01 | 6.23060 |
| 2018-04-01 | 5.20052 |
| 2018-05-01 | 2.93413 |
| 2018-06-01 | 3.62529 |
| 2018-07-01 | 3.52619 |
| 2018-08-01 | 3.26729 |
| 2018-09-01 | 3.85198 |
| 2018-10-01 | 5.70544 |
| 2018-11-01 | 4.56260 |
| 2018-12-01 | 10.71611 |
| 2019-01-01 | 6.35904 |
| 2019-02-01 | 3.26051 |
| 2019-03-01 | 2.94624 |
| 2019-04-01 | 1.55428 |
| 2019-05-01 | 6.42489 |
| 2019-06-01 | 5.95089 |
| 2019-07-01 | 2.89401 |
| 2019-08-01 | 12.58698 |
| 2019-09-01 | 4.53642 |
| 2019-10-01 | 3.08259 |
| 2019-11-01 | 4.35053 |
| 2019-12-01 | 4.09276 |
| 2020-01-01 | 1.84593 |
| 2020-02-01 | 1.00453 |
| 2020-03-01 | 1.96477 |
| 2020-04-01 | 1.40615 |
| 2020-05-01 | 1.25406 |
| 2020-06-01 | 0.74471 |
| 2020-07-01 | 0.15555 |
| 2020-08-01 | 0.65212 |
| 2020-09-01 | 0.00000 |
| 2020-10-01 | 0.85974 |
| 2020-11-01 | 1.07069 |
| 2020-12-01 | 0.50881 |
| 2021-01-01 | 1.02918 |
| 2021-02-01 | 0.16075 |
| 2021-03-01 | 0.32044 |
| 2021-04-01 | 0.16128 |
| 2021-05-01 | 0.15337 |
| 2021-06-01 | 0.17017 |
| 2021-07-01 | 0.00000 |
| 2021-08-01 | 0.34458 |
| 2021-09-01 | 0.50677 |
| 2021-10-01 | 0.32269 |
| 2021-11-01 | 0.00000 |
| 2021-12-01 | 0.14909 |
| 2022-01-01 | 0.87223 |
| 2022-02-01 | 0.00000 |
| 2022-03-01 | 0.26802 |
| 2022-04-01 | 0.00000 |
| 2022-05-01 | 0.45428 |
| 2022-06-01 | 0.00000 |
| 2022-07-01 | 0.00000 |
| 2022-08-01 | 0.00000 |
| 2022-09-01 | 0.00000 |
| 2022-10-01 | 0.00000 |
| 2022-11-01 | 0.00000 |
| 2022-12-01 | 0.00000 |
| 2023-01-01 | 0.00000 |
| 2023-02-01 | 0.88804 |
| 2023-03-01 | 0.00000 |
| 2023-04-01 | 0.63768 |
| 2023-05-01 | 0.00000 |
| 2023-06-01 | 0.00000 |
| 2023-07-01 | 0.00000 |
| 2023-08-01 | 0.00000 |
| 2023-09-01 | 0.00000 |
| 2023-10-01 | 0.17123 |
| 2023-11-01 | 0.22078 |
| 2023-12-01 | 0.00000 |
| 2024-01-01 | 0.00000 |
| 2024-02-01 | 0.38037 |
| 2024-03-01 | 0.00000 |
| 2024-04-01 | 0.50326 |
| 2024-05-01 | 0.31187 |
| 2024-06-01 | 0.00000 |
| 2024-07-01 | 0.00000 |
| 2024-08-01 | 1.10334 |
| 2024-09-01 | 0.88509 |
| 2024-10-01 | 1.31455 |
| 2024-11-01 | 6.03853 |
| 2024-12-01 | 3.54749 |
| 2025-01-01 | 3.69935 |
| 2025-02-01 | 6.39200 |
| 2025-03-01 | 23.20363 |
| 2025-04-01 | 50.26043 |
| 2025-05-01 | 19.19991 |
| 2025-06-01 | 6.87871 |
| 2025-07-01 | 9.45510 |
| 2025-08-01 | 11.31073 |
| 2025-09-01 | 7.05043 |
| 2025-10-01 | 5.87288 |
| 2025-11-01 | 4.47267 |
| 2025-12-01 | 6.03668 |
| 2026-01-01 | 8.34974 |
| 2026-02-01 | 5.93360 |
| 2026-03-01 | 4.74075 |
| 2026-04-01 | 3.00833 |
| 2026-05-01 | 2.07153 |