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Presidential War Talk and Macroeconomic Performance.
- Source :
-
Conference Papers -- American Political Science Association . 2003 Annual Meeting, Philadelphia, p1-37. 39p. 1 Diagram, 1 Chart, 4 Graphs. - Publication Year :
- 2003
-
Abstract
- We explore the effect of presidential war-talk on consumer attitudes and behavior. Using time series data running from January 1978 through June 2003, we use vector autoregression to show that increased presidential war-talk produces declining consumer confidence and personal consumption. We also find that presidential war-talk may increase consumer perceptions of negative economic news. The analysis also contained limited evidence that negative economic news can lead presidents to increase war-talk. Given the dual leadership responsibilities of the U.S. president for the economy and foreign policy, our results suggest that presidents should use war-talk cautiously to maintain stable economic performance. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- Database :
- Academic Search Index
- Journal :
- Conference Papers -- American Political Science Association
- Publication Type :
- Conference
- Accession number :
- 16024400
- Full Text :
- https://doi.org/apsa_proceeding_2879.pdf