How upside down are political business cycles when there is output persistence

António Caleiro

Research in Economics, 2009, vol. 63, issue 1, 22-26

Abstract: This note shows in what circumstances output persistence may invert the pattern of the political business cycle when inflation expectations are of the adaptive or rational type and the government preferences are quadratic over output and inflation.

Keywords: Output; persistence; Political; business; cycles (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (8)

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