Unemployment and Inflation Consequences of Unexpected Election Results

Michael Berlemann () and Gunther Markwardt

Journal of Money, Credit and Banking, 2007, vol. 39, issue 8, 1919-1945

Abstract: The empirical evidence toward rational partisan theory of business cycles is mixed and thus inconclusive. This is due to the enormous heterogeneity of the existing empirical studies. Only a few of these test explicitly for the central theoretical innovation that post‐electoral blips in economic activity depend on the degree of the electoral surprise. Using polling data we present empirical evidence in favor of rational partisan theory for a panel of OECD countries.

Date: 2007
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https://doi.org/10.1111/j.1538-4616.2007.00093.x

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Journal Article: Unemployment and Inflation Consequences of Unexpected Election Results (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jmoncb:v:39:y:2007:i:8:p:1919-1945

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