There exist many indicators for corporatism. Using a latent variables approach, we extract common aspects in 29 … corporatism indicators which have been suggested in the literature and find two factors that can be identified as the degree of … affect inflation. Likewise, the interaction between central bank independence and coordination does not affect unemployment. …

functions for left-wing and right-wing individuals where inflation and unemployment enter negatively. We use these functions to … test the root assumption of partisan business cycle models where left-wing individuals care more about unemployment …