What inflation policy do American voters want, and do they get it?

Daniel J. Richards ()

New England Economic Review, 1993, issue Sep, pages 33-44

Abstract: Inflation at the time of the 1992 election was at its lowest level in 20 years. This fact might have been expected to give the incumbent Administration a significant advantage, since most previous research regarding voters’ economic preferences has found that American voters have a strong preference for low inflation and a great willingness to tolerate unemployment to reduce inflation. Thus, the 1992 election results raise the possibility that voter preferences either have changed or were mistakenly estimated earlier. ; The author’s goal is to obtain some estimates of the policies and inflation goals that voters deem optimal. He then uses these estimates of voters’ preferred policy outcomes to determine the price that voters are willing to pay to achieve their desired inflation rate. His findings suggest that strong anti-inflation policies are politically quite feasible.

Keywords: Inflation; (Finance) (search for similar items in EconPapers)
Date: 1993
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.bostonfed.org/economic/neer/neer1993/neer593c.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fip:fedbne:y:1993:i:sep:p:33-44

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in New England Economic Review from Federal Reserve Bank of Boston
Contact information at EDIRC.
Series data maintained by Diane Rosenberger ().