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Voters’ versus policymakers’ attitudes towards unemployment and Inflation

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Resumo:Working with a sample of 13 European nations from 1960 to 1997, this paper compares voters’ and policymakers’ attitudes towards unemployment and inflation. It is thought that policymakers' beliefs about the behavior of the economy play an important role in determining electoral results since they influence voters' perceptions of what macroeconomic policy can achieve and which objectives it should pursue. Empirical work on vote functions shows that inflation is the most important determinant of electoral results and unemployment is the least important. Reasons for the emergence of a neo-liberal consensus among European policymakers are discussed and empirically tested. The spread of these conservative ideas and the willingness to achieve a monetary union are suggested as possible explanations for why governments go unpunished for the increase and persistence of unemployment in Europe.
Autores principais:Veiga, Linda Gonçalves
Ano:1999
País:Portugal
Tipo de documento:comunicação em conferência
Tipo de acesso:acesso aberto
Instituição associada:Universidade do Minho
Idioma:inglês
Origem:RepositóriUM - Universidade do Minho
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author Veiga, Linda Gonçalves
author_facet Veiga, Linda Gonçalves
author_role author
contributor_name_str_mv RepositóriUM - Universidade do Minho
country_str PT
creators_json_txt [{\"Person.name\":\"Veiga, Linda Gonçalves\"}]
datacite.contributors.contributor.contributorName.fl_str_mv RepositóriUM - Universidade do Minho
datacite.creators.creator.creatorName.fl_str_mv Veiga, Linda Gonçalves
datacite.date.Accepted.fl_str_mv 1999-08-01T00:00:00Z
datacite.date.available.fl_str_mv 2005-06-20T14:04:30Z
datacite.date.embargoed.fl_str_mv 2005-06-20T14:04:30Z
datacite.rights.fl_str_mv http://purl.org/coar/access_right/c_abf2
datacite.titles.title.fl_str_mv Voters’ versus policymakers’ attitudes towards unemployment and Inflation
dc.contributor.none.fl_str_mv RepositóriUM - Universidade do Minho
dc.creator.none.fl_str_mv Veiga, Linda Gonçalves
dc.date.Accepted.fl_str_mv 1999-08-01T00:00:00Z
dc.date.available.fl_str_mv 2005-06-20T14:04:30Z
dc.date.embargoed.fl_str_mv 2005-06-20T14:04:30Z
dc.format.none.fl_str_mv application/pdf
dc.identifier.none.fl_str_mv https://hdl.handle.net/1822/2274
dc.language.none.fl_str_mv eng
dc.rights.none.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.title.fl_str_mv Voters’ versus policymakers’ attitudes towards unemployment and Inflation
dc.type.none.fl_str_mv http://purl.org/coar/resource_type/c_5794
description Working with a sample of 13 European nations from 1960 to 1997, this paper compares voters’ and policymakers’ attitudes towards unemployment and inflation. It is thought that policymakers' beliefs about the behavior of the economy play an important role in determining electoral results since they influence voters' perceptions of what macroeconomic policy can achieve and which objectives it should pursue. Empirical work on vote functions shows that inflation is the most important determinant of electoral results and unemployment is the least important. Reasons for the emergence of a neo-liberal consensus among European policymakers are discussed and empirically tested. The spread of these conservative ideas and the willingness to achieve a monetary union are suggested as possible explanations for why governments go unpunished for the increase and persistence of unemployment in Europe.
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person_str_mv Veiga, Linda Gonçalves
publishDate 1999
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spelling engengWorking with a sample of 13 European nations from 1960 to 1997, this paper compares voters’ and policymakers’ attitudes towards unemployment and inflation. It is thought that policymakers' beliefs about the behavior of the economy play an important role in determining electoral results since they influence voters' perceptions of what macroeconomic policy can achieve and which objectives it should pursue. Empirical work on vote functions shows that inflation is the most important determinant of electoral results and unemployment is the least important. Reasons for the emergence of a neo-liberal consensus among European policymakers are discussed and empirically tested. The spread of these conservative ideas and the willingness to achieve a monetary union are suggested as possible explanations for why governments go unpunished for the increase and persistence of unemployment in Europe.application/pdfengVoters’ versus policymakers’ attitudes towards unemployment and InflationVeiga, Linda GonçalvesHostingInstitutionOrganizationalRepositóriUM - Universidade do Minhoe-mailmailto:repositorium@usdb.uminho.ptrepositorium@usdb.uminho.ptCITATIONWORLD CONGRESS OF THE INTERNATIONAL ECONOMIC ASSOCIATION, 12, Buenos Aires, 19992005-06-20T14:04:30Z1999-081999-08-01T00:00:00ZHandlehttps://hdl.handle.net/1822/2274http://purl.org/coar/access_right/c_abf2open access505563 bytesother research producthttp://purl.org/coar/resource_type/c_5794conference paperhttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorium.uminho.pt/bitstreams/b896ab63-0118-41d9-98b6-feca61153a1d/download
spellingShingle Voters’ versus policymakers’ attitudes towards unemployment and Inflation
Veiga, Linda Gonçalves
status SINGLETON
title Voters’ versus policymakers’ attitudes towards unemployment and Inflation
title_full Voters’ versus policymakers’ attitudes towards unemployment and Inflation
title_fullStr Voters’ versus policymakers’ attitudes towards unemployment and Inflation
title_full_unstemmed Voters’ versus policymakers’ attitudes towards unemployment and Inflation
title_short Voters’ versus policymakers’ attitudes towards unemployment and Inflation
title_sort Voters’ versus policymakers’ attitudes towards unemployment and Inflation
url https://hdl.handle.net/1822/2274
visible 1