Artikel
Does the misery index influence a U.S. president's political re-election prospects?
We seek to determine whether a United States President's job approval rating is influenced by the Misery Index. This hypothesis is examined in two ways. First, we employ a nonlinear model that includes several macroeconomic variables: the current account deficit, exchange rate, unemployment, inflation, and mortgage rates. Second, we employ probit and logit regression models to calculate the probabilities of U.S. Presidents' approval ratings to the Misery Index. The results suggest that Layton's model does not perform well when adopted for the United States. Conversely, the probit and logit regression analysis suggests that the Misery Index significantly impacts the probability of the approval of U.S. Presidents' performances.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 12 ; Year: 2019 ; Issue: 1 ; Pages: 1-11 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
Estimation: General
Multiple or Simultaneous Equation Models; Multiple Variables: General
Business Fluctuations; Cycles
General Outlook and Conditions
- Thema
-
Misery Index
inflation
unemployment
Probit and Logit models
Okun's law
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Adrangi, Bahram
Macri, Joseph
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2019
- DOI
-
doi:10.3390/jrfm12010022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Adrangi, Bahram
- Macri, Joseph
- MDPI
Entstanden
- 2019
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