The Political Economics Side of the J-Curve

António Caleiro

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: About twenty years ago, an article by van der Ploeg analysed the implications of the J-curve effect for the political business cycle in a small open economy [van der Ploeg (1989c)]. It was them shown that a sudden jump on the exchange rates in the election day should be observed if the government, in order to maximise its popularity, explores a J-curve effect. As a way of celebrating this work, that should have been more influential, i is presented in the paper a simulation study, which confirms the overvaluation result a la van der Ploeg.

Keywords: Exchange Rates; J-Curve; Partisan Business Cycles; Political Business Cycles (search for similar items in EconPapers)
JEL-codes: E31 E32 F31 (search for similar items in EconPapers)
Date: 2008
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https://www.econstor.eu/bitstream/10419/142777/1/wp_2008_02.pdf (application/pdf)

Related works:
Journal Article: The Political Economics Side of the J-Curve (2009)
Working Paper: The Political Economics Side of the J-Curve (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:142777

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