Left Versus Right Down Under
May 3, 2007 - Political Indicators
Are “hands-off” (right-leaning) governments better for stocks than “hands-on” (left-leaning) governments? In their recent paper entitled “Investment Returns Under Right- and Left-Wing Governments in Australasia”, Hamish Anderson, Christopher Malone and Ben Marshall examine the effect of ruling party orientation on inflation, and thereby on stock, property and bond returns, in Australia and New Zealand. Using monthly, annual and political-term data as available across the period 1910-2006, they find that: Keep Reading