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 and Department Head (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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Additional Information

Publication

Economics Letters, 37(1), 1991, 51-55.

Language: English

Date: 1991

Keywords

Economic policy, Politics, Political business cycle