An electoral cycle created by governments is a phenomenon that seems to characterise, at least in some particular occasions and/or circumstances, the democratic economies. As it is generally accepted, the short-run electorally-induced fluctuations prejudice the long-run welfare. Since the very...

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.

An electoral cycle created by governments is a phenomenon that seems to characterise, at least in some particular occasions and/or circumstances, the democratic economies. As it is generally accepted, the short-run electorally-induced fluctuations prejudice the long-run welfare. Since the very...

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.

An electoral cycle created by governments is a phenomenon that seems to characterise, at least in some particular occasions and/or circumstances, the democratic economies. As it is generally accepted, the short-run electorally-induced fluctuations prejudice the long-run welfare. Since the very...