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Behavioral and Institutional Determinants of Political Business Cycles

✍ Scribed by Rui Nuno Baleiras; Vasco Santos


Book ID
110220169
Publisher
Springer US
Year
2000
Tongue
English
Weight
155 KB
Volume
104
Category
Article
ISSN
0048-5829

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This essay argues that politically motivated business cycles could persist in a democratic society even if the electorate votes in a rational, fully informed manner, provided that government policymakers have the means to systematically generate macroeconomic fluctuations. This cyclic outcome reflec