Political cycles and risk aversion
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Mostra el registre complet de l'elementcomunitat-uji-handle:10234/158176
comunitat-uji-handle2:10234/71324
comunitat-uji-handle3:10234/111700
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Títol
Political cycles and risk aversionAutoria
Tutor/Supervisor; Universitat.Departament
Pavan, Marina; Universitat Jaume I. Departament d'EconomiaData de publicació
2019-06-19Editor
Universitat Jaume IResum
This paper checks whether the main implications of the Pastor and Veronesi (2017) model of political cycles driven by time-varying risk aversion are valid for the Spanish case. In particular, we analyze whether the ... [+]
This paper checks whether the main implications of the Pastor and Veronesi (2017) model of political cycles driven by time-varying risk aversion are valid for the Spanish case. In particular, we analyze whether the quarterly growth rate of the Spanish real GDP and the excess return behave in such a way as to support this theory. The conclusions obtained are contrary to the theory since we obtain that the economic growth of the country has been faster under the right wing party, and there are no significant differences in excess returns between mandates. These results suggest that this theory might not explain the Spanish political cycles. [-]
Paraules clau / Matèries
Descripció
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2018-2019
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info:eu-repo/semantics/bachelorThesisDrets d'accés
info:eu-repo/semantics/openAccess
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- Grau en Economia [292]
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