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

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.

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Year of publication:	1995
Authors:	Smyth, David ; Dua, Pami ; Taylor, Susan Washburn
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 2.1995, 9, p. 305-307
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009275337