메뉴 건너뛰기




Volumn 24, Issue 10, 2000, Pages 1575-1604

Political elections and the resolution of uncertainty: The international evidence

Author keywords

Elections; G14; G15; Market indices; Uncertain information

Indexed keywords


EID: 0012328971     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0378-4266(99)00093-X     Document Type: Article
Times cited : (198)

References (51)
  • 1
    • 0002348551 scopus 로고
    • Political parties and the business cycle in the United States, 1948-1984
    • Alesina A., Sachs J. Political parties and the business cycle in the United States, 1948-1984. Journal of Money, Credit, and Banking. 20:1988;63-82.
    • (1988) Journal of Money, Credit, and Banking , vol.20 , pp. 63-82
    • Alesina, A.1    Sachs, J.2
  • 2
    • 0002061457 scopus 로고
    • The Federal Reserve Bank and the electoral cycle
    • Allen S. The Federal Reserve Bank and the electoral cycle. Journal of Money, Credit, and Banking. 18:1986;88-94.
    • (1986) Journal of Money, Credit, and Banking , vol.18 , pp. 88-94
    • Allen, S.1
  • 3
    • 0002152484 scopus 로고
    • Stock market returns and the presidential election cycle
    • Allivine F.D., O'Neil D.D. Stock market returns and the presidential election cycle. Financial Analysts Journal. 36:1980;49-56.
    • (1980) Financial Analysts Journal , vol.36 , pp. 49-56
    • Allivine, F.D.1    O'Neil, D.D.2
  • 4
    • 84974051246 scopus 로고
    • Economic conditions and national elections post-sample forecasts of the Kramer equations
    • Atesoglu S.H., Congleton R. Economic conditions and national elections post-sample forecasts of the Kramer equations. American Political Science Review. 76:1982;873-875.
    • (1982) American Political Science Review , vol.76 , pp. 873-875
    • Atesoglu, S.H.1    Congleton, R.2
  • 5
    • 0001664176 scopus 로고
    • The effect of political risk on the forward exchange bias: The case of elections
    • Bachman D. The effect of political risk on the forward exchange bias: The case of elections. Journal of International Money and Finance. 11:1992;208-219.
    • (1992) Journal of International Money and Finance , vol.11 , pp. 208-219
    • Bachman, D.1
  • 8
    • 36749092418 scopus 로고
    • Using daily stock returns: The case of event studies
    • Brown S.J., Warner J.B. Using daily stock returns: The case of event studies. Journal of Financial Economics. 14:1985;3-31.
    • (1985) Journal of Financial Economics , vol.14 , pp. 3-31
    • Brown, S.J.1    Warner, J.B.2
  • 9
    • 0040077184 scopus 로고
    • Economic performance and the determination of presidential elections in the US
    • Burdekin R.C.K. Economic performance and the determination of presidential elections in the US. American Economist. 32:1988;71-75.
    • (1988) American Economist , vol.32 , pp. 71-75
    • Burdekin, R.C.K.1
  • 10
  • 11
    • 84934095628 scopus 로고
    • Party differences in macroeconomic policies and outcomes
    • Chapell H., Keech W. Party differences in macroeconomic policies and outcomes. American Economic Review. 76:1986;71-74.
    • (1986) American Economic Review , vol.76 , pp. 71-74
    • Chapell, H.1    Keech, W.2
  • 12
    • 84977738382 scopus 로고
    • Financial investment opportunities and the macroeconomy
    • Chen N.-F. Financial investment opportunities and the macroeconomy. Journal of Finance. 46:1991;529-554.
    • (1991) Journal of Finance , vol.46 , pp. 529-554
    • Chen, N.-F.1
  • 13
  • 14
    • 0000675837 scopus 로고
    • The effect of economic events on votes for president
    • Fair R.C. The effect of economic events on votes for president. Review of Economics and Statistics. 60:1978;159-173.
    • (1978) Review of Economics and Statistics , vol.60 , pp. 159-173
    • Fair, R.C.1
  • 15
    • 0000133859 scopus 로고
    • The effect of economic events on votes for president: 1980 Results
    • Fair R.C. The effect of economic events on votes for president: 1980 Results. Review of Economics and Statistics. 64:1982;322-325.
    • (1982) Review of Economics and Statistics , vol.64 , pp. 322-325
    • Fair, R.C.1
  • 18
    • 34250890715 scopus 로고
    • Business conditions and expected returns on stocks and bonds
    • Fama E.F., French K.R. Business conditions and expected returns on stocks and bonds. Journal of Financial Economics. 25:1989;23-49.
    • (1989) Journal of Financial Economics , vol.25 , pp. 23-49
    • Fama, E.F.1    French, K.R.2
  • 19
    • 84977709203 scopus 로고
    • Changes in levels of expected security returns, risk, and the level of interest rates
    • Ferson W. Changes in levels of expected security returns, risk, and the level of interest rates. Journal of Finance. 44:1989;1191-1218.
    • (1989) Journal of Finance , vol.44 , pp. 1191-1218
    • Ferson, W.1
  • 20
    • 84993911789 scopus 로고
    • General tests of latent variable models and mean-variance spanning
    • Ferson W., Foerster S.R., Keim D.B. General tests of latent variable models and mean-variance spanning. Journal of Finance. 48:1993;131-156.
    • (1993) Journal of Finance , vol.48 , pp. 131-156
    • Ferson, W.1    Foerster, S.R.2    Keim, D.B.3
  • 22
    • 0012321589 scopus 로고
    • Stock market performance and elections: Made-in-Canada effects?
    • Foerster, S.R., 1994. Stock market performance and elections: Made-in-Canada effects? Canadian Investment Review Summer, pp. 39-42.
    • (1994) Canadian Investment Review Summer , pp. 39-42
    • Foerster, S.R.1
  • 24
    • 0001720028 scopus 로고
    • An empirical study of politico-economic interaction in the United States
    • Frey B., Schneider F. An empirical study of politico-economic interaction in the United States. Review of Economics and Statistics. 60:1978;174-183.
    • (1978) Review of Economics and Statistics , vol.60 , pp. 174-183
    • Frey, B.1    Schneider, F.2
  • 25
    • 38249016140 scopus 로고
    • Political risk and market efficiency: Tests based in British stock and option markets in the 1987 election
    • Gemmill G. Political risk and market efficiency: Tests based in British stock and option markets in the 1987 election. Journal of Banking and Finance. 16:1992;211-231.
    • (1992) Journal of Banking and Finance , vol.16 , pp. 211-231
    • Gemmill, G.1
  • 26
    • 0012266716 scopus 로고
    • The efficiency of stock and options markets: Tests based on 1992 UK election polls
    • Gwilym O.A., Buckle M. The efficiency of stock and options markets: Tests based on 1992 UK election polls. Applied Financial Economics. 4:1994;345-354.
    • (1994) Applied Financial Economics , vol.4 , pp. 345-354
    • Gwilym, O.A.1    Buckle, M.2
  • 27
    • 0001344598 scopus 로고
    • Economic policy, economic performance and elections
    • Harrington J.E. Economic policy, economic performance and elections. The American Economic Review. 83:1993;27-42.
    • (1993) The American Economic Review , vol.83 , pp. 27-42
    • Harrington, J.E.1
  • 28
    • 84977722638 scopus 로고
    • The world price of covariance risk
    • Harvey C.R. The world price of covariance risk. Journal of Finance. 46:1991;111-157.
    • (1991) Journal of Finance , vol.46 , pp. 111-157
    • Harvey, C.R.1
  • 29
    • 0000270815 scopus 로고
    • A partisanship theory of fiscal and monetary regimes
    • Havrilesky T. A partisanship theory of fiscal and monetary regimes. Journal of Money, Credit, and Banking. 19:1987;308-325.
    • (1987) Journal of Money, Credit, and Banking , vol.19 , pp. 308-325
    • Havrilesky, T.1
  • 30
    • 0038551107 scopus 로고
    • Does the political business cycle dominate United States unemployment and inflation?
    • In: Willett, T. (Ed.), Pacific Institute
    • Haynes, S., Stone, J., 1988. Does the political business cycle dominate United States unemployment and inflation? In: Willett, T. (Ed.), Political Business Cycles, Pacific Institute.
    • (1988) Political Business Cycles
    • Haynes, S.1    Stone, J.2
  • 32
    • 84972959926 scopus 로고
    • Political parties and macroeconomic policy
    • Hibbs D. Political parties and macroeconomic policy. American Political Science Review. 71:1977;1467-1487.
    • (1977) American Political Science Review , vol.71 , pp. 1467-1487
    • Hibbs, D.1
  • 34
    • 0002839071 scopus 로고
    • Common stock returns and presidential elections
    • Huang R.D. Common stock returns and presidential elections. Financial Analysts Journal. 41:1985;58-61.
    • (1985) Financial Analysts Journal , vol.41 , pp. 58-61
    • Huang, R.D.1
  • 37
    • 0001655442 scopus 로고
    • A political model of the business cycle
    • MacRae D. A political model of the business cycle. Journal of Political Economy. 85:1977;239-264.
    • (1977) Journal of Political Economy , vol.85 , pp. 239-264
    • MacRae, D.1
  • 39
    • 0000120127 scopus 로고
    • The analysis of world events and stock prices
    • Niederhofer V. The analysis of world events and stock prices. Journal of Business. 44:1971;193-219.
    • (1971) Journal of Business , vol.44 , pp. 193-219
    • Niederhofer, V.1
  • 42
    • 0002158052 scopus 로고
    • Mean reversion in stock prices: Evidence and implications
    • Poterba J.M., Summers L.H. Mean reversion in stock prices: evidence and implications. Journal of Financial Economics. 22:1988;27-59.
    • (1988) Journal of Financial Economics , vol.22 , pp. 27-59
    • Poterba, J.M.1    Summers, L.H.2
  • 43
    • 0042514126 scopus 로고
    • U.K. stock market rallies following Major's victory
    • 10 July
    • Price, M., 1995. U.K. stock market rallies following Major's victory. Pensions and Investments, 10 July, p. 3.
    • (1995) Pensions and Investments , pp. 3
    • Price, M.1
  • 45
    • 0011596109 scopus 로고
    • Unanticipated money and the political business cycle
    • Richards D. Unanticipated money and the political business cycle. Journal of Money, Credit, and Banking. 18:1986;446-457.
    • (1986) Journal of Money, Credit, and Banking , vol.18 , pp. 446-457
    • Richards, D.1
  • 46
    • 33845632902 scopus 로고
    • Capital market seasonality: The case of stock returns
    • Rozeff M.S., Kinney W.R. Capital market seasonality: The case of stock returns. Journal of Financial Economics. 3:1976;379-402.
    • (1976) Journal of Financial Economics , vol.3 , pp. 379-402
    • Rozeff, M.S.1    Kinney, W.R.2
  • 48
    • 84977414454 scopus 로고
    • Political business cycles in industrialized democratic countries
    • Soh B.H. Political business cycles in industrialized democratic countries. Kyklos. 39:1986;31-46.
    • (1986) Kyklos , vol.39 , pp. 31-46
    • Soh, B.H.1
  • 50
    • 0012225164 scopus 로고
    • The stock market response to voter opinion polls
    • Thompson R.S., Ioannidis C. The stock market response to voter opinion polls. Investment Analyst. 83:1987;19-22.
    • (1987) Investment Analyst , vol.83 , pp. 19-22
    • Thompson, R.S.1    Ioannidis, C.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.