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

António Caleiro

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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Year of publication:	2009
Authors:	Caleiro, António
Published in:	Research in economics : an international review of economics. - Amsterdam [u.a.] : Elsevier Science, ISSN 1090-9443, ZDB-ID 1379004-3. - Vol. 63.2009, 1, p. 22-26
Subject:	Politischer Konjunkturzyklus \| Political business cycle \| Inflationserwartung \| Inflation expectations

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Source:	ECONIS - Online Catalogue of the ZBW

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