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Replication Data for: Partisan shocks and financial markets: evidence from close national elections

Version
1
Resource Type
Dataset
Creator
  • Girardi, Daniele (University of Massachusetts-Amherst)
Publication Date
2020-09-23
Free Keywords
Elections; Financial Markets; Left; Regression-discontinuity; Event-study; Partisanship
Description
  • Abstract

    This paper estimates the effect of partisan electoral victories on stock and bond markets. We employ a regression discontinuity-based event study in a sample of 758 worldwide post-1945 national elections, using existing data on parliamentary elections and newly-collected data on presidential elections. Left-wing electoral victories cause significant and substantial short-term decreases in stock-market valuations, while the response of sovereign bond markets is mostly muted. Stock market effects are stronger and more persistent in elections in which the left’s proposed economic policy is more radical and in developing economies.
Availability
Download
This study is freely available to the general public via web download.
Relations
  • Is version of
    DOI: 10.3886/E115008
Publications
  • Girardi, Daniele. “Partisan Shocks and Financial Markets: Evidence from Close National Elections.” American Economic Journal: Applied Economics 12, no. 4 (October 2020): 224–52. https://doi.org/10.1257/app.20190292.
    • ID: 10.1257/app.20190292 (DOI)

Update Metadata: 2020-11-17 | Issue Number: 1 | Registration Date: 2020-11-17

Girardi, Daniele (2020): Replication Data for: Partisan shocks and financial markets: evidence from close national elections. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E115008V1-70000