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The information content of elections and varieties of the partisan political business cycle

✍ Scribed by Cameron A. Shelton

Publisher
Springer US
Year
2010
Tongue
English
Weight
911 KB
Volume
150
Category
Article
ISSN
0048-5829

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Random timing of elections and the polit
Random timing of elections and the political business cycle
✍ Victor Ginsburgh; Philippe Michel πŸ“‚ Article πŸ“… 1983 πŸ› Springer US 🌐 English βš– 386 KB

In his 1975 paper, Nordhaus formally proves that governments whose aim is to be reelected, will generate 'political' business cycles. Empirical results do not confirm this proposition, especially in countries used to early elections. We show that if there is a non-zero probability for elections to

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This paper develops a test of the satisficing version of the political business cycle. Previous tests have focused on maximizing models of political behavior and are not sufficiently general to test for satisficing behavior. Using annual U.S. data for the period 1905 to 1984, we find evidence suppor