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Political Business Cycles in Industrialized Democratic Countries: A Comment

✍ Scribed by MANFRED J. M. NEUMANN; SUSANNE LOHMANN

Book ID
110942300
Publisher
John Wiley and Sons
Year
1987
Tongue
English
Weight
247 KB
Volume
40
Category
Article
ISSN
0023-5962

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## Abstract The paper describes a procedure for examining short‐run dynamic interactions among macroeconomic models by constructing aggregate state‐space submodels for dynamic modes corresponding with short‐run response patterns. Using the quarterly real GNP from the US, Germany, and Japan for 1974