What if Output Persistence is Disregarded by an Opportunistic Incumbent?

António Caleiro

International Journal of Finance, Insurance and Risk Management, 2014, vol. 4, issue 4, 803

Abstract: This note presents the consequences of output persistence being disregarded by an electorally motivated incumbent. In this case, incumbent’s policies are suboptimal not only socially but also from the electoral point of view.

Keywords: Electoral cycles; Imperfect modes; Output persistence. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ers:ijfirm:v:4:y:2014:i:4:p:803

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