Reichenvater, Arno (2007): Business Cycles, Political Incentives and the Macroeconomy: Comparison of Models. Published in: Electronic Publications of the University of Joensuu (May 2007)
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Politicians and political parties are faced with the problem of being elected into power, and later, of being re-elected. These political ambitions are often fuelled by policies that affect the entire economy and business cycles. The purpose of this paper is to compare the various models used to describe how political decision-making may affect business cycles. Both opportunistic and partisan models, and exchange rate manipulation are examined, and empirical evidence is used to view the validity of the models.
|Item Type:||MPRA Paper|
|Institution:||University of Joensuu|
|Original Title:||Business Cycles, Political Incentives and the Macroeconomy: Comparison of Models|
|Keywords:||business cycles; partisan models; opportunistic models; politics|
|Subjects:||E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles
C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C73 - Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
|Depositing User:||Arno Reichenvater|
|Date Deposited:||31. Oct 2007|
|Last Modified:||19. Feb 2013 07:52|
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