Empirical studies analyzing the determinants of U.S. presidential popularity have delivered quite inconclusive results concerning the role of economic variables by assuming linear relationships. We employ penalized spline smoothing in the context of semi-parametric additive mixed models and...

Are preferences exogenously given? Or do individual tastes and values evolve endogenously within a particular socio-economic environment? In this paper, we make use of a natural experiment to analyse the role of inflation experiences and institutions in the formation of individual inflation...

Are preferences exogenously given? Or do individual tastes and values evolve endogenously within a particular socio-economic environment? In this paper, we make use of a natural experiment to analyse the role of inflation experiences and institutions in the formation of individual inflation...

Are preferences exogenously given? Or do individual tastes and values evolve endogenously within a particular socio-economic environment? In this paper, we make use of a natural experiment to analyse the role of inflation experiences and institutions in the formation of individual inflation...

Empirical studies analyzing the determinants of U.S. presidential popularity have delivered quite inconclusive results concerning the role of economic variables by assuming linear relationships. We employ penalized spline smoothing in the context of semi-parametric additive mixed models and...

Even after four decades of research it remains unclear, whether presidential popularity depends on the state of the economy. While about half of all studies for the United States find a significant effect of unemployment and inflation on presidential popularity, the others do not. Additional...

This paper investigates social preferences towards unemployment and inflation in the United States. Estimating a popularity function with monthly data for the recent Obama administration, we find that U.S. voters react strongly to both unemployment and inflation. However, reducing unemployment...

This is one of the first studies to estimate a popularity function at the micro-level. Using German micro-level data (GGSS/ALLBUS) for the years 1991, 1992, 1998, and 2008, we show that a positive assessment of the economy significantly improves government popularity while negative evaluations...

Through disaggregating public expenditures by economic functions this paper offers a new perspective on the existence and effectiveness of electorally motivated expenditure policy. The aim of the paper is to provide more detailed information on the specific expenditure categories by which...

Im Jahr 2012 stiegen die Verbraucherpreise in Deutschland um 2,1%. Insgesamt sind die Preise seit der Wiedervereinigung im Durchschnitt um 2,0% und seit der Euro-Einführung sogar nur um 1,6% gestiegen. Abgesehen von wenigen Ausnahmen können sich die Deutschen daher über mangelnde...