Information, Policy, and Market Disorder Under Democracy: Evidences from the United States

This volume offers fresh insights into economic development and growth in emerging economies. It includes contributions covering topics such as natural disasters and income inequalities, the environmental impact of economic growth, social preferences, information and market disorder under democracy, inflation targeting and its covariates, economic empowerment. This book is intended for scholars in the field of economics, and those interested in furthering economic development. Chapter 5: Information, Policy, and Market Disorder Under Democracy: Evidences from the United States 5.1 Introduction 5.2 The Idea Behind This Chapter 5.2.1 Means: Responding to a Phase 5.2.1.1 Political Endogenous System 5.2.1.2 Political Exogenous System 5.2.2 Responding to the Economy: Monetary and Fiscal Policy 5.2.2.1 Monetary Policy Interpreting Coefficients The Measure 5.2.2.2 Fiscal Policy Political Endogenous System Political Exogenous System 5.2.3 Globalization: A Hypothesis 5.3 Model Specification and Econometric Modeling 5.3.1 Interpretation of Coefficients 5.4 Conclusion Appendix 1 Appendix 2 Appendix 3 Appendix 4 Political Endogenous System Political Exogenous System Appendix 5 Politics Endogenous Model Politics Exogenous Model Appendix 6 Appendix 7 Appendix 8 References