The influence of elections on federal reserve behavior

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Stuart D. Allen, Professor (Creator)
Donald L. McCrickard, Associate professor and Associate Dean (Creator)
Institution
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: A political business cycle is tested in a monetary reaction function. Positive evidence is a result of the 1930s and 1940s and not post-war elections. In addition, there is no evidence of such a cycle in a rational expectations model.

Additional Information

Publication
Economics Letters, 37(1), 1991, 51-55.
Language: English
Date: 1991
Keywords
Economic policy, Politics, Political business cycle