Hardouvelis, Gikas A; Thomakos, Dimitrios D - C.E.P.R. Discussion Papers - 2008
We investigate the behavior of consumer confidence around national elections in the EU-15 countries during 1985 …:1-2007:3. Consumer confidence increases before the date of elections and falls subsequently by almost the same amount. It is able to … function of the political - but not the economic - environment. A similar rise and fall characterizes consumer confidence in …