Politics Matter After All

Martin Paldam
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Martin Paldam: Aarhus University

Chapter 14 in Business Cycles, 1991, pp 369-405 from Palgrave Macmillan

Abstract: Abstract The theoretical framework belongs to the family of political business cycles as are briefly surveyed in Table 14.1. We want to analyse (a) and (b). We therefore use the theory of partisan cycles (introduced by Hibbs, 1977) that takes off from the idea that governments have different ideologies, and that cycles are generated because governments change. The link between the different policies, as generated by the different ideologies, and the different outcomes depends crucially on the expectations regime assumed. In the original Hibbs-version of the theory there are no expectations.

Keywords: Public Consumption; Rational Expectation; American Political Science Review; Rational Expectation; Government Period (search for similar items in EconPapers)
Date: 1991
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DOI: 10.1007/978-1-349-11570-9_14

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