THE INFLUENCE OF ELECTIONS ON FEDERAL-RESERVE BEHAVIOR

被引:10
作者
ALLEN, SD
MCCRICKARD, DL
机构
[1] The University of North Carolina at Greensboro, Greensboro
关键词
D O I
10.1016/0165-1765(91)90242-D
中图分类号
F [经济];
学科分类号
02 ;
摘要
A political business cycle is tested in a monetary reaction function. Positive evidence is a result of the 1930s and 1940s and not post-ware elections. In addition, there is no evidence of such a cycle in a rational expectations model. © 1991.
引用
收藏
页码:51 / 55
页数:5
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