Alesina, Alberto; Roubini, Nouriel - In: Review of Economic Studies 59 (1992) 4, pp. 663-88
This paper studies whether the dynamic behavior of GNP growth, unemployment, and inflation is affected by elections and changes of governments. The sample includes the last three decades in eighteen OECD economies. The authors' results are as follows: (1) the "political business cycle"...