G2TT
来源类型Discussion paper
规范类型论文
来源IDDP608
DP608 Macroeconomic Policy and Elections in OECD Democracies
Alberto Alesina; Nouriel Roubini; Gerald D Cohen
发表日期1992-01-30
出版年1992
语种英语
摘要The purpose of this paper is to test for evidence of opportunistic `political business cycles' in a large sample of 18 OECD economies. Our results can be summarized as follows. First, we find very little evidence of pre-electoral effects of economic outcomes, in particular, on GDP growth and unemployment. Second, we see some evidence of `political monetary cycles', that is, expansionary monetary policy in election years. Third, we observe indications of `political budget cycles', or `loose' fiscal policy prior to elections. Fourth, inflation exhibits a post-electoral jump, which could be explained by either the pre-electoral `loose' monetary and fiscal policies and/or by an opportunistic timing of increases in publicly controlled prices, or indirect taxes.
主题International Macroeconomics
关键词Elections Political business cycle
URLhttps://cepr.org/publications/dp608
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/529772
推荐引用方式
GB/T 7714
Alberto Alesina,Nouriel Roubini,Gerald D Cohen. DP608 Macroeconomic Policy and Elections in OECD Democracies. 1992.
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