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Structural change in the relationship between presidential popularity and inflation and unemployment: the Nixon and Ford presidencies

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  • David Smyth
  • Pami Dua
  • Susan Washburn Taylor

Abstract

A quadratic presidential popularity function for the Nixon and Ford presidencies is estimated. Using monthly data it is found that there is a structural change in the relationship between presidential popularity and inflation and unemployment between the two presidencies. This result strengthens the authors' earlier finding that one must be wary of using a single social preference function between inflation and unemployment that is time invariant.

Suggested Citation

  • David Smyth & Pami Dua & Susan Washburn Taylor, 1995. "Structural change in the relationship between presidential popularity and inflation and unemployment: the Nixon and Ford presidencies," Applied Economics Letters, Taylor & Francis Journals, vol. 2(9), pages 305-307.
    • Handle: RePEc:taf:apeclt:v:2:y:1995:i:9:p:305-307
    DOI: 10.1080/135048595357113
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    Cited by:

    1. Berlemann, Michael & Enkelmann, Sören, 2014. "The economic determinants of U.S. presidential approval: A survey," European Journal of Political Economy, Elsevier, vol. 36(C), pages 41-54.
    2. Michael Berlemann & Sören Enkelmann & Torben Kuhlenkasper, 2015. "Unraveling the Relationship Between Presidential Approval and the Economy: A Multidimensional Semiparametric Approach," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 30(3), pages 468-486, April.
    3. D. J. Smyth & S. W. Taylor, 2003. "Presidential popularity: what matters most, macroeconomics or scandals?," Applied Economics Letters, Taylor & Francis Journals, vol. 10(9), pages 585-588.
    4. Berlemann, Michael & Enkelmann, Soeren & Kuhlenkasper, Torben, 2012. "Unraveling the complexity of US presidential approval: A multi-dimensional semi-parametric approach," HWWI Research Papers 118, Hamburg Institute of International Economics (HWWI).

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