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.
The influence of elections on federal reserve behavior
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Created on 10/1/2010
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Additional Information
- Publication
- Economics Letters, 37(1), 1991, 51-55.
- Language: English
- Date: 1991
- Keywords
- Economic policy, Politics, Political business cycle