Partisan Profiles in Presidential Policies: an Extension of Presidential Preferences for Inflation versus Unemployment
January 1994
Article
pp 553-558.
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In a recent article, Zaleski does not find any clear difference between the political preferences of Republican and Democratic administrations with respect to the choice between unemployment and inflation. This paper provides empirical support for the opposite conclusion in a generalization of Zaleski's approach allowing for instrument costs.
Keywords
Automatically Extracted Terms
- policy
- inflation
- unemployment
- preference
- zaleski
- instrument costs
- instrument
- loss function
- model
- value
- otto h
- function
- result
- maker
- unemployment rate
- republican
- ratio
- policy maker
- phillips curve
- democrat
