| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3830 |
| 来源ID | Working Paper 3830 |
| Macroeconomic Policy and Elections in OECD Democracies | |
| Alberto Alesina; Gerald D. Cohen; Nouriel Roubini | |
| 发表日期 | 1991-09-01 |
| 出版年 | 1991 |
| 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: 1) We find very little evidence of pre-electoral effects of economic outcomes, in particular, on GDP growth and unemployment; 2) We see some evidence of "political monetary cycles." that is, expansionary monetary policy in election years; 3) We also observe indications of "political budget cycles," or "loose" fiscal policy prior to elections; 4) Inflation exhibits a postelectoral jump, which could be explained by either the preelectoral "loose" monetary and fiscal policies and/or by an opportunistic timing of increases in publicly controlled prices, or indirect taxes. |
| 主题 | Macroeconomics ; Business Cycles ; Fiscal Policy |
| URL | https://www.nber.org/papers/w3830 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561159 |
| 推荐引用方式 GB/T 7714 | Alberto Alesina,Gerald D. Cohen,Nouriel Roubini. Macroeconomic Policy and Elections in OECD Democracies. 1991. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3830.pdf（457KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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