Structural change in the relationship between presidential popularity and inflation and unemployment: the Nixon and Ford presidencies

David Smyth, Pami Dua and Susan Washburn Taylor

Applied Economics Letters, 1995, vol. 2, issue 9, 305-307

Abstract: A quadratic presidential popularity function for the Nixon and Ford presidencies is estimated. Using monthly data it is found that there is a structural change in the relationship between presidential popularity and inflation and unemployment between the two presidencies. This result strengthens the authors' earlier finding that one must be wary of using a single social preference function between inflation and unemployment that is time invariant.

Date: 1995
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DOI: 10.1080/135048595357113

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