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dc.creatorRode, M. (Martin)-
dc.creatorStöckl, S. (Sebastian)-
dc.date.accessioned2022-04-05T10:59:16Z-
dc.date.available2022-04-05T10:59:16Z-
dc.date.issued2021-
dc.identifier.citationRode, M. (Martin); Stöckl, S.(Sebastian). "The price of populism: financial market outcomes of populist electoral success". Journal of Economic Behavior & Organization. 189, 2021, 51 - 83es_ES
dc.identifier.issn0167-2681-
dc.identifier.urihttps://hdl.handle.net/10171/63350-
dc.description.abstractFollowing financial research on the importance of public policy for asset prices, we hypothesize that the success of populist movements impacts risk assessments in financial markets. Building a novel dataset, findings show for a sample of Western democracies that the success of populist parties has a direct impact on volatility in major domestic market indexes, measured from option prices spanning national elections. Despite its anti-capitalist rhetoric, the political insecurity generated by populist movements on the far left only partially translates into financial insecurity in the context of institutionalized democracies. In turn, we find the electoral success of right-wing populists to reduce risk assessments, which could be driven by its frequent association with rent-seeking and big business.es_ES
dc.language.isoenges_ES
dc.publisherElsevieres_ES
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.subjectPopulismes_ES
dc.subjectElectionses_ES
dc.subjectPolitical uncertaintyes_ES
dc.subjectOption marketses_ES
dc.subjectImplied volatilityes_ES
dc.subjectPolitical ideologyes_ES
dc.titleThe price of populism: financial market outcomes of populist electoral successes_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.description.noteThis is an open access article under the CC BY-NC-ND licensees_ES
dc.identifier.doi10.1016/j.jebo.2021.06.037-
dadun.citation.endingPage83es_ES
dadun.citation.publicationNameJournal of Economic Behavior & Organizationes_ES
dadun.citation.startingPage51es_ES
dadun.citation.volume189es_ES

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