| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP608 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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