WebbThe political business cycle is the hypothesized tendency of governments to adopt expansionary fiscal policies, and often monetary policies as well, in election years. In this … WebbThe 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 (1971) influential study of economic determinants of

Political Business Cycles SpringerLink

WebbOne explanation, dubbed the political business cycle theory, posits that the economy shifts or cycles during presidential election years, or when power is transferred from president … http://jxyyj.ruc.edu.cn/CN/abstract/abstract13682.shtml bismuth fractal

政治的经济周期理论的发展

WebbThe political business cycle refers to the phenomenon that just before elections, politicians enact ________ policies. After the elections, the bad effects of these policies … WebbThe political business cycle refers to the phenomenon that just before elections, politicians enact _______policies. After the elections, the bad effects of these policies (for … WebbThe first model that has a complete theory analysis on the political business cycles and is developed and tested through a empirical methodology is Nordhaus's model (1975) in his paper "The political business cycle". The model examines the mechanisms of public elections, where decisions need to be subjected to political constraints. bismuth francois