Can the COVID-19 Pandemic and Oil Prices Drive the US Partisan Conflict Index?

Emmanuel Apergis · Nicholas Apergis

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Market Dynamics and Volatility Electoral Systems and Political Participation COVID-19 Pandemic Impacts

Abstract

This paper investigates the effect of the COVID-19 and oil prices on the US partisan conflict. Using daily data on world COVID-19 and oil prices, monthly data on the US Partisan Conflict index, and the MIDAS method, the finding suggests that both COVID-19 and oil prices mitigate US political polarization. The finding implies that political leaders aim low for partisan gains during stressful times.

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2007Polarized America: the dance of ideology and unequal riches 2007MIDAS Regressions: Further Results and New Directions 2005PARTY POLARIZATION IN AMERICAN POLITICS: Characteristics, Causes, and Consequences 2004The MIDAS Touch: Mixed Data Sampling Regression Models 2017Partisan conflict and private investment 2013Should Macroeconomic Forecasters Use Daily Financial Data and How?2013Unrestricted Mixed Data Sampling (MIDAS): MIDAS Regressions with Unrestricted Lag Polynomials 2001Party Polarization and Legislative Gridlock

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