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Saturday, April 25, 2020 | History

5 edition of Political cycles and the macroeconomy found in the catalog.

Political cycles and the macroeconomy

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  • 7 Currently reading

Published by MIT Press in Cambridge, Mass .
Written in English

    Subjects:
  • Political science -- Economic aspects.,
  • Business cycles -- Political aspects.,
  • Economic policy -- Political aspects.

  • Edition Notes

    Includes bibliographical references (p. [285]- 296) and index.

    StatementAlberto Alesina and Nouriel Roubini with Gerald Cohen.
    ContributionsRoubini, Nouriel., Cohen, Gerald D., 1966-
    Classifications
    LC ClassificationsJA77 .A43 1997
    The Physical Object
    Paginationxii, 302 p. ;
    Number of Pages302
    ID Numbers
    Open LibraryOL668275M
    ISBN 100262011611
    LC Control Number97014051

    Political business cycle, fluctuation of economic activity that results from an external intervention of political term political business cycle is used mainly to describe the stimulation of the economy just prior to an election in order to improve prospects of the incumbent government getting reelected. Despite numerous attempts to establish their existence, empirical evidence .


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Political cycles and the macroeconomy by Alberto Alesina Download PDF EPUB FB2

The relationship between political and economic cycles is one of the most widely studied topics in political economics. This book examines how electoral laws, the timing of elections, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal by: The relationship between political and economic cycles is one of the most widely studied topics in political economics.

This book examines how electoral laws, the timing of elections, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy.

Political Cycles and the Macroeconomy. "This book is an important achievement in Political Economy, by two of the most creative researchers in the field.4/5(10). Political Cycles and the Macroeconomy Alberto Alesina and Nouriel Roubini with Gerald D. Cohen The MIT Press Cambridge, Massachusetts London, England.

Contents Acknowledgments xi Overview 1 Organization of the Book 8 How Does This Book Relate to Previous Research. 11 Technical Level of This Book 13 Opportunistic Models 15   This book examines how electoral laws, the timing of elections, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy.4/5(10).

study of political economy. Political Cycles and the Macroeconomy is a state-of-the-art presentation of an im portant field bridging economics and political science. Although the technical level of the book is high (some chapters have more than a score of equations), the book is ac cessible to serious readers and will be rewarding to them.

"Drazen's book gives an excellent account of the political dimension of macroeconomic policy. With its careful attention to methodological issues, thorough and balanced presentation of the literature, and clear exposition and perceptive evaluation of models, this book will be valuable both as a reference volume for researchers and a textbook.

The recent game-theoretic macroeconomic literature provides a useful tool for analyzing the relationship between political institutions and the macroeconomy.

In particular, this paper examines two related issues: the effects of electoral competition on macroeconomic policy and on the economic cycle, and the role of different degrees of independence of the Central Bank as Cited by: You will not need another book on political economy for some time to come.".

--Dani Rodrik, Harvard University "This book is magnificent, and is sure to become a standard reference in the rapidly growing field of politics and macroeconomics.". --Kenneth Rogoff, Harvard University "Drazen's book gives an excellent account /5(7).

Political Cycles and the Macroeconomy. Alberto Alesina, Nouriel Roubini, Gerald D. Cohen. MIT Press, - Business & Economics - pages.

0 Reviews. "This book is an important achievement in Political Economy, by two of the most creative researchers in the field. Macroeconomics and Politics * 15 policy only if in office.

The difference between the two cases rests, however, in the nature of the objective function maximized by politicians. Purely "office motivated" politicians have indistinguishable objective func- tions; "Partisan politicians" have distinct objectives. Political Cycles and the Macroeconomy (MIT Press) by Alesina, Alberto and a great selection of related books, art and collectibles available now at This work examines how electoral laws, the timing of elections, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy.

a new one. We view our book as ful lling a couple of important and largely unmet needs in the existing market. First, our text makes much more use of mathematics than most intermediate books.

Second, whereas most textbooks divide the study of the macroeconomy into two \runs" (the long run and the short run), we focus on three runs { the long.

NBER Program(s):Monetary Economics This paper surveys the recent literature on the theory of macroeconomic policy. We study the effect of various incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and.

Political Cycles and the Macroeconomy by Alberto Alesina,available at Book Depository with free delivery worldwide.4/5(10). This book investigates the relationship between political cycles and economic cycles, namely how the timing of elections, the ideological orientation of governments and the nature of competition amongst political parties influence unemployment, economic growth, inflation, and various.

Political Cycles and the Macroeconomy. Citation: Alesina, Alberto, Nouriel Roubini, and Gerald Cohen. Cited by: Business Cycles, Political Incentives and the Macroeconomy: Comparison of Models Arno Reichenvater University of Joensuu Economics and Business Administration P.O. BoxFI, Joensuu, FINLAND E-mail: [email protected] MAY Abstract Politicians and political parties are faced with the problem of being elected to.

Political Cycles and the Macroeconomy Alberto Alesina, Nouriel Roubini, and Gerald D. Cohen The relationship between political and economic cycles is one of the most widely studied topics in political economics. This book examines how electoral laws, the timing of elections, the ideological orientation of governments, and the nature of.

This article provides a survey of the theoretical and empirical work on political-economic cycles, such as cycles in economic outcomes induced by electoral and partisan competition. It also reviews the literature on electoral cycles and emphasizes how electoral context may heighten or limit incentives to electioneer.

Another survey, which focuses on the theoretical and empirical Cited by: Political cycles and the macroeconomy Article in Journal of Policy Analysis and Management 19(3) June with Reads How we measure 'reads'. Description of the book "Political Cycles and the Macroeconomy": The relationship between political and economic cycles is one of the most widely studied topics in political economics.

Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending.

After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon. Browse Political Science eBooks to read online or download in EPUB or PDF format on your mobile device and PC.

Gerald D. Cohen is the author of Political Cycles and the Macroeconomy ( avg rating, 10 ratings, 0 reviews, published ) Gerald D. Cohen is the author of Political Cycles and the Macroeconomy ( avg rating, 10 ratings, 0 reviews, published )4/5(10).

More generally, our analysis also contributes to the literature on the effects of political cycles on the macroeconomy (see Alesina, Roubini, and Cohen, ; Drazen,for surveys). 1 Our identification strategy also complements the literature in macroeconomics that studies the effect of government spending on the real by: Find helpful customer reviews and review ratings for Political Cycles and the Macroeconomy at Read honest and unbiased product reviews from our users.4/5(1).

4.) The key result of real business cycle theory is that the expectations of business owners is the primary driver of the business cycle because these expectations will affect their decisions, resulting in real economic impacts.

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The Oxford Handbook of Political Economy surveys the field of political economy. Over its long lifetime, political economy has had many different meanings: the science of managing the resources of a nation so as to provide wealth to its inhabitants for Adam Smith; the study of how the ownership of the means of production influenced historical processes for Marx; the study.

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Hamilton monetary policy and the macroeconomy: The Canadian perspective. Economic Modelling, Vol. 35, Issue., p. A neoclassical model of unemployment and the business cycle.

Journal of Political Econ Cited by: All but one of the U.S. recessions since World War II have been preceded, typically with a lag of around three-fourths of a year, by a dramatic increase in the price of crude petroleum.

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Schlesinger Sr. and Arthur M. Schlesinger Jr. to explain the fluctuations in politics throughout American history. In this theory, the United States's national mood alternates between liberalism and phase has characteristic features, and each phase is self-limiting, generating the other phase.

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