The political advantage of a volatile market: the relationship between Presidential popularity and the ‘investor fear gauge’

Medientyp: E-Artikel
Titel: The political advantage of a volatile market: the relationship between Presidential popularity and the ‘investor fear gauge’
Beteiligte: Schwartz, Joe; Hoover, Scott; Schwartz, Adam
Erschienen: Wiley, 2008
Erschienen in: Journal of Public Affairs
Sprache: Englisch
DOI: 10.1002/pa.291
ISSN: 1472-3891; 1479-1854
Schlagwörter: Political Science and International Relations ; Public Administration
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Beschreibung: <jats:title>Abstract</jats:title><jats:p><jats:list list-type="bullet"> <jats:list-item><jats:p>The Chicago Board Options Exchange's (CBOE) Volatility Index (VIX) is the premier established benchmark of near‐term market volatility. It is also referred to as the ‘investor fear gauge’ because it provides a consistent measure of market turmoil. We examine the VIX as it relates to Presidential popularity as indicated by the Gallup Organization's ongoing poll of US Presidential approval ratings. Our analysis indicates that the expected volatility of the market is highly related to Presidential approval. We then examine the strength and implications of this relationship in order to further establish the link between the economy and Presidential approval.</jats:p></jats:list-item> </jats:list> Copyright © 2008 John Wiley & Sons, Ltd.</jats:p>

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