Presidential popularity rises and falls with the stock market

摘要

While economists and financial analysts have long been interested in the impact of stockudmarket changes on the financial decisions of individuals, especially at times of booms andudbusts, political scientists have just recently started to analyze how stockholding and marketudperformance affect Americans’ attitudes and political behavior. A recent study by ChristineudFauvelle-Aymar and Mary Stegmaier finds that U.S. presidential approval responds toudchanges in the U.S. stock market in predictable ways.