The purpose of this paper is to test for evidence of opportunistic "political business cycles" in a large sample of 18 OECD economies. Our results can be summarized as follows: 1) We find very little evidence of pre-electoral effects of economic outcomes, in particular, on GDP growth and...

The purpose of this paper is to test for evidence of opportunistic "political business cycles" in a large sample of 18 OECD economies. Our results can be summarized as follows: 1) We find very little evidence of pre-electoral effects of economic outcomes, in particular, on GDP growth and...

Im Laufe des Jahres 1997 hat sich der makroökonimische Datenkranz verbessert. Das reale Bruttoinlandsprodukt (BIP) ist um 1,5% gestiegen. Die Arbeitslosenquote erhöhte sich allerdings um 0,2 Prozentpunkte auf 12,3%. 1998 stützen die weitere monetäre Lockerung, die kaum noch restriktive...