Political Cycles and the Macroeconomy

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Political Cycles and the Macroeconomy

ISBN10: 0262510944

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Political Cycles and the Macroeconomy

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The relationship between political and economic cycles is one of the most widely studied topics in political economics. This book examines how electoral laws, the timing of elections, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy. The book presents both a thorough overview of the theoretical literature and a vast amount of empirical evidence.A common belief is that voters reward incumbents who artificially create favorable conditions before an election, even though the economy may take a turn for the worse immediately thereafter. The authors argue that the dynamics of political cycles are far more complex. In their review of the main theoretical approaches to the issues, they demonstrate the multifaceted relationships between macroeconomic and political policies. They also present a broad range of empirical data, from the United States as well as OECD countries. One of their most striking findings is that the United States is not exceptional; the relationships between political and economic cycles are remarkably similar in other democracies, particularly those with two-party systems.

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Amazon Code 0262510944
Sales Rank 1188822
Description

The relationship between political and economic cycles is one of the most widely studied topics in political economics. This book examines how electoral laws, the timing of elections, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy. The book presents both a thorough overview of the theoretical literature and a vast amount of empirical evidence.A common belief is that voters reward incumbents who artificially create favorable conditions before an election, even though the economy may take a turn for the worse immediately thereafter. The authors argue that the dynamics of political cycles are far more complex. In their review of the main theoretical approaches to the issues, they demonstrate the multifaceted relationships between macroeconomic and political policies. They also present a broad range of empirical data, from the United States as well as OECD countries. One of their most striking findings is that the United States is not exceptional; the relationships between political and economic cycles are remarkably similar in other democracies, particularly those with two-party systems.

Author Alberto Alesina, Nouriel Roubini, Gerald D. Cohen
Binding Paperback
EAN 9780262510943
ISBN 0262510944
ItemDimensions 890x80
Label The MIT Press
Languages English
Manufacturer The MIT Press
MPN Ill.
NumberOfItems 1
NumberOfPages 302
PackageDimensions 72x600
PackageQuantity 1
PartNumber Ill.
ProductGroup Book
ProductTypeName ABIS_BOOK
PublicationDate 1997-11-14
Publisher The MIT Press
Studio The MIT Press
Title Political Cycles and the Macroeconomy (MIT Press)
title Political Cycles and the Macroeconomy
authors Alberto Alesina
publisher MIT Press
publishedDate 1997
description This book examines how electoral laws, the timing of election, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy. The book presents both a thorough overview of the theoretical literature and a vast amount of empirical evidence.
pageCount 302
printType BOOK
categories Business & Economics
maturityRating NOT_MATURE
language en
canonicalVolumeLink https://books.google.com/books/about/Political_Cycles_and_the_Macroeconomy.html?hl=&id=NAClEiUYzMwC
title
country_code
publication_year 1997
publication_month 11
publication_day 28
publisher Mit Press
description
average_rating 4.00
link
authors

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