5 edition of Political Business Cycles found in the catalog.
Political Business Cycles
Thomas D. Willett
by Duke University Press
Written in English
|The Physical Object|
|Number of Pages||544|
Chapter pages in book: (p. 20 - 76) 2 Recent Work on Business Cycles in Historical Perspective business cycles, then with the newer equilibrium models with price misper the early mathematical models and the more recent theories of the "political business cycle".receive little attention in the present paper; monographs surveying this Cited by: Downloadable! This paper uses a DSGE model with political-regime-dependent fiscal and monetary policies so as to examine political-business cycles in an emerging market such as Brazil under three different regimes – an "opportunistic regime" and "two partisan ones". The former regime seeks to identify whether within the period of seven quarters prior to the elections, the government Author: Celso José Costa Junior, Alejandro C. García Cintado, Manuel Alejandro Hidalgo Pérez.
This paper considers whether political business cycles existed in East European accession countries during the period Based on the Mundell-Fleming model expanded in Clark and Hallerberg (), we argue that the type of exchange rate regime and the relative independence of the central bank affects the instruments governments use to influence the economy before by: Business Cycles and Depressions: An Encyclopedia includes original articles on every major aspect of business cycles, fluctuations, financial crises, recessions, and depressions. The articles, which range from macroeconomic theory to econometrics to the historical record, .
The Political Business Cycle after 25 Years 1. Introduction A quarter of a century has passed since the initial outburst of formal theoretical and empirical work on political business cycles, that is, on political determinants of macroeconomic cycles. On the empirical side, there was Kramer's () influential study of economic determinants of. of a unified explanation of business cycles, grounded in the general laws governing market economies, rather than in political or institutional character- istics specific to particular countries or periods. I have omitted the behavior of foreign trade statistics from the aboveCited by:
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Get this from a library. Political business cycles. [Bruno S Frey;] -- A collection of articles on how the government influences the economy in order to secure re-election. This book surveys the empirical and major theoretical approaches, and examines the role of the.
The Political Business Cycle after 25 Years 1. Political Business Cycles book Introduction A quarter of a century has passed since the initial outburst of formal theoretical and empirical work on political business cycles, that is, on political determinants of macroeconomic cycles.
On the empirical side,Cited by: Political Business Cycles and the Capital Stock: Variations on an Austrian Theme / Peter Lewin Part Three. The Political Economy of Monetary Policy Problems Inherent in Political Money Supply Regimes: Some Historical and Theoretical Lessons / Lawrence H.
White In his book, Three Views on Method in Economics (), Henry W. Briefs reported a conversation with Jacob Marshak, econometrician and former Research Director for the Cowles Commission, about Schumpeter's book, Business Cycles ().Cited by: The "political business cycle," according to economist William Nordhaus, creates a situation in which political and bureaucratic incentives create artificial economic booms just before elections, with consequent and deleterious side effects after the ballots are counted.
This work examines the issue of whether federal governmental structure inevitably leaves the U.S. economy exposed to. The relationship between political and economic cycles is one of the most widely studied topics in political economics. This book examines how electoral laws, the timing of elections, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal by: Nordhaus.
The political business cycle. Review of Economic Studies THE BASIC PROBLEM: politicians in democracies have little reason to value future (post-election) consumption. Thus, although private investors can sacrifice short-term consumption to make long-term investments, public investors (politicians) have difficulty doing so.
Abstract. Theoretical and empirical research on political business cycles, both opportunistic and partisan, is surveyed and discussed. The evidence for the existence of empirically significant opportunistic political business cycles is argued to be mixed. The relationship between political and economic cycles is one of the most widely studied topics in political economics.
This book examines how electoral laws, the timing of elections, the Author: Allan Drazen. Business cycles refer to the cyclical increases followed by decreases in production output of goods and services in an economy. The stages in the.
The relationship between political and economic cycles is one of the most widely studied topics in political economics. This book examines how electoral laws, the timing of elections, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy.
These are the sources and citations used to research Nordhaus Model of Political Business Cycles. This bibliography was generated on Cite This For Me on Wednesday, April 1, Book.
Drazen’s approach allows innovative treatment — using rigorous economic models — of public goods and finance, economic growth, the open economy, economic transition, political business cycles, and all of the traditional topics of macroeconomics. Book January This paper presents cross-country evidence that political business cycles are alive and well in the nascent democracies of the developing world.
Africa provides fertile. Get this from a library. Political business cycles: the political economy of money, inflation, and unemployment. [Thomas D Willett;] -- "A Pacific Research Institute for Public Policy book." Includes bibliographies and index.
"This book is an important achievement in Political Economy, by two of the most creative researchers in the field. The ideas here, developed over many years by Alesina and Roubini, have already stimulated considerable new research and important empirical findings.
This book deserves a wide readership." -- Jeffrey D. Sachs, Director, Harvard Institute for International Development; Galen L. Traditional theories of political business cycles — Nordhaus (), MacRae (), Persson and Tabellini () — predict monetary expansions in the run up to an election. Stimulating the economy, they argue, can help the incumbent politicians win : Emily Skarbek.
This article studies the contextual determinants of incumbents' ability and incentives to engineer political business cycles in American states. It presents a short review of related literature to clarify how and why the theory of political budget cycles evolved. It describes the data and methodology — single estimation method of dynamic panel analysis — used in the by: Parts three and four present national business tendency surveys and composite cyclical indices for real-time monitoring and forecasting of various BRICS economies, while the final part discusses how the lessons learned in the BRICS countries can be used for the analysis of business cycles and their socio-political consequences in other emerging.
Political business cycles in a democracy - B.A. Andrei Horlau - Term Paper - Politics - International Politics - Topic: Globalization, Political Economics - Publish your bachelor's or master's thesis, dissertation, term paper or essay.
Business Cycles: The Problem and Its Setting. Wesley Clair Mitchell. Published in by NBER in NBER Book Series Studies in Business Cycles Order from Cited by: Business Cycles: Part 1 - Ebook written by F. A. Hayek. Read this book using Google Play Books app on your PC, android, iOS devices.
Download for offline reading, highlight, bookmark or take notes while you read Business Cycles: Part 1.Political Business Cycles The International Library of Critical Writings in Economics series Edited by Bruno S. Frey, Distinguished Professor of Behavioural Science, University of Warwick, UK, Guest Professor, Zeppelin University, Friedrichshafen, Germany and Research Director, CREMA – Centre for Research in Economics, Management and the Arts.