Political Parties and the Business Cycle in the United States, 1948-1984

Alberto Alesina and Jeffrey Sachs

Journal of Money, Credit and Banking, 1988, vol. 20, issue 1, 63-82

Abstract: This paper tests the existence and the extent of a politically induced busi ness cycle in the United States in the post-World War II period. The cycle described in this paper is quite different from the traditional "political business cycle" of William Nordhaus. It is based upon t he assumption that Republican and Democratic administrations have fol lowed systematically different monetary policies. The empirical impli cations of the theory are supported by the data. Copyright 1988 by Ohio State University Press.

Date: 1988
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Related works:
Working Paper: Political Parties and the Business Cycle in the United States, 1948-1984 (1988)
Working Paper: Political Parties and the Business Cycle in the United States, 1948-1984 (1986)
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Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:20:y:1988:i:1:p:63-82

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