CYCD

AcronymDefinition
CYCDCentre for Youth and Community Development (UK)
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DM(N), DTBILLI, GNPGAP, DEF, DEFD, DEFR, CYC, CYCD, CYCR, COMLEAD, HCOMLEAD) , (1)
The partisan elements of CYC are CYCD and CYCR, defined as the cyclical deficit multiplied by a binary variable identifying Democratic and Republican administrations, respectively.
Although cyclical deficits occurring under Republican administrations appear to significantly affect M2 growth, a null hypothesis that forces equal parameters on CYCR and CYCD cannot be rejected at conventional levels using an F-test.
Politicians, Deficits, and Monetary Policy in the U.S. Revisited
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