Output Persistence and Upside Down Electoral Business Cycles. What Does Really Matter?

This note shows in what circumstances output persistence may invert the pattern of the electoral 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:	2006
Authors:	Caleiro, António
Publisher:	Évora : Universidade de Évora, Departamento de Economia
Subject:	Electoral Cycles \| Output Persistence

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Series:	Documento de Trabalho ; 2006/04
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	863149987 [GVK] hdl:10419/142774 [Handle] RePEc:zbw:esprep:142774 [RePEc]
Classification:	E23 - Production ; E32 - Business Fluctuations; Cycles ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination
Source:	EconStor

Persistent link: https://www.econbiz.de/10011500005