Geopolitical Risk Index (opens in new tab)

## ** Overview and Paper** #### Dario Caldara and Matteo Iacoviello construct a measure of adverse geopolitical events and associated risks based on a tally of newspaper articles covering geopolitical tensions, and examine its evolution and economic effects since 1900\. The geopolitical risk \(GPR\) index spikes around the two world wars, at the beginning of the Korean War, during the Cuban Missile Crisis, and after 9/11\. Higher geopolitical risk foreshadows lower investment, stock prices...