CEE DP 65 Peer Effects in European Primary Schools: Evidence from PIRLS Andreas Ammermueller Jörn-Steffen Pischke May 2006 Published by Centre for the Economics of Education London School of Economics Houghton Street...

In this paper we study whether inflation expectations react on variations of election outcome expectations. Using data from 6 countries we show that such a link in fact exists and thus provides empirical evidence supportive to rational partisan theory of business cycles.