Political cycles and risk aversion
Metadata
Show full item recordcomunitat-uji-handle:10234/158176
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comunitat-uji-handle3:10234/111700
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Title
Political cycles and risk aversionAuthor (s)
Tutor/Supervisor; University.Department
Pavan, Marina; Universitat Jaume I. Departament d'EconomiaDate
2019-06-19Publisher
Universitat Jaume IAbstract
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. [-]
Subject
Description
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2018-2019
Type
info:eu-repo/semantics/bachelorThesisRights
info:eu-repo/semantics/openAccess
This item appears in the folowing collection(s)
- Grau en Economia [292]
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