By David Altig, executive vice president and research director in the Atlanta Fed's Research Department; Nick Bloom, the William D. Eberle Professor of Economics at Stanford University; Steven J. Davis, the William H. Abbott Distinguished Service Professor of International Business and Economics at the Chicago Booth School of Business and Senior Fellow at the Hoover Institution; Brent Meyer, a policy adviser and economist in the Atlanta Fed's Research Department; and Nick Parker, the Atlanta Fed's director of surveys.
Last summer, we reported that one-fifth of firms in the July Survey of Business Uncertainty (SBU) were