Refereed Articles
Are Expectations on Inflation and Election Outcomes Connected? An Empirical Analysis
Michael Berlemann (2006),
Economics Letters 91(3), 354-359.
Economics Letters 91(3), 354-359.
In this paper we study whether inflation expectations react on variations of election outcome expectations. Using data from 6 countries we show that such a link in fact exists and thus provides empirical evidence supportive to rational partisan theory of business cycles.