The macroeconomic impact of radical right populist parties in government

Montserrat Ferré and Carolina Manzano ()

Journal of Macroeconomics, 2022, vol. 74, issue C

Abstract: The success of radical right populist parties in the last decades seems to rely on a combination of economically left-wing and culturally conservative attitudes. Moreover, many of these parties have established themselves as relevant actors in European democracies, entering government coalitions with more traditional conservative right-wing parties. Therefore, an interesting question emerges: what is the macroeconomic impact of this left-wing tendency on economic issues when these parties are in government? In this article we develop a Stackelberg game in a rational partisan theory model to study the macroeconomic effects of such coalitions on the expected values and the variability of inflation, output and government spending.

Keywords: Radical right populist parties; Coalition; Inflation; Output; Public spending (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:74:y:2022:i:c:s0164070422000647

DOI: 10.1016/j.jmacro.2022.103471

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