Political cycles and risk aversion
Metadatos
Mostrar el registro completo del ítemcomunitat-uji-handle:10234/158176
comunitat-uji-handle2:10234/71324
comunitat-uji-handle3:10234/111700
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TFG-TFMMetadatos
Título
Political cycles and risk aversionAutoría
Tutor/Supervisor; Universidad.Departamento
Pavan, Marina; Universitat Jaume I. Departament d'EconomiaFecha de publicación
2019-06-19Editor
Universitat Jaume IResumen
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. [-]
Palabras clave / Materias
Descripción
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2018-2019
Tipo de documento
info:eu-repo/semantics/bachelorThesisDerechos de acceso
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- Grau en Economia [292]
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