Article ID Journal Published Year Pages File Type
983611 Research in Economics 2009 5 Pages PDF
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.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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How upside down are political business cycles when there is output persistence
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