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Political cycles and the macroeconomy

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MIT Press, 1997 - Business & Economics - 302 pages

The relationship between political and economic cycles is one of the most widely studied topics in political economics. This book examines how electoral laws, the timing of elections, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy. The book presents both a thorough overview of the theoretical literature and a vast amount of empirical evidence.A common belief is that voters reward incumbents who artificially create favorable conditions before an election, even though the economy may take a turn for the worse immediately thereafter. The authors argue that the dynamics of political cycles are far more complex. In their review of the main theoretical approaches to the issues, they demonstrate the multifaceted relationships between macroeconomic and political policies. They also present a broad range of empirical data, from the United States as well as OECD countries. One of their most striking findings is that the United States is not exceptional; the relationships between political and economic cycles are remarkably similar in other democracies, particularly those with two-party systems.

  

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Contents

Opportunistic Models
15
Appendix
37
Partisan Models
45
Appendix
64
Polls Electoral Uncertainty and the Economy
111
Appendix A
135
Political Cycles in Industrial Economies
141
Appendix
174
Evidence from
185
Political Cycles and Central Bank Independence
211
Political Parties Institutions and Budget Deficits
227
Conclusions
253
Notes
265
References
285
Index
297
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References from web pages

Political Cycles and the Macroeconomy - The MIT Press
The MIT Press online catalog contains descriptions of in-print and out-of-print books, current and past journals, online ordering/subscription options, ...
mitpress.mit.edu/ book-home.tcl?isbn=0262510944

JSTOR: Political Cycles and the Macroeconomy.
E Macroeconomics and Monetary Economics Political Cycles and the Macroeconomy. By Al- berto Alesina and Nouriel Roubini. With Ger- ald D. Cohen. ...
links.jstor.org/ sici?sici=0022-0515(199906)37%3A2%3C672%3APCATM%3E2.0.CO%3B2-T

Alberto Alesina and Nouriel Roubini with Gerald D. Cohen ...
In Political Cycles and the Macroeconomy, Alesina and Roubini with Cohen (arwc). present the culmination of their 10+ years of research into the effects of ...
www-personal.umich.edu/ ~franzese/ ARwC.PoliticalCyclesAndTheMacroeconomy.BookReview.pdf

Alberto Alesina and Nouriel Roubini with Gerald D. Cohen ...
137. ideology. NOMINATE is a preferred rating scale. First, it is more compre-. hensive. Second, traditional interest group ratings are subject to “folding” ...
www.springerlink.com/ index/ N51524225463P261.pdf

MIT book
Political Cycles and the Macroeconomy. by. Alberto Alesina. Nouriel Roubini. with Gerald Cohen. MIT Press. Publication date: November 1997 ...
www.stern.nyu.edu/ ~nroubini/ book.htm

Business Cycles, Political Incentives and the Macroeconomy ...
Political Cycles and the Macroeconomy. Cambridge: MIT Press. Barro, R. & Gordon, D. (1983). Rules, Discretion and Reputation in a Model of Monetary Policy. ...
mpra.ub.uni-muenchen.de/ 5527/

ingentaconnect Alberto Alesina and Nouriel Roubini with Gerald D ...
Alberto Alesina and Nouriel Roubini with Gerald D. Cohen, Political cycles and the macroeconomy. Cambridge: The MIT Press, 1997. 302 pages. $20.00 (paper). ...
www.ingentaconnect.com/ content/ klu/ puch/ 1999/ 00000100/ 00000001/ 00186473;jsessionid=1t8ubrvb38i64.alice?format=print

Political Cycles and the Stock Market
[3] Alesina, A., N. Roubini, and G. Cohen (1997), Political Cycles and the Macroeconomy,. Cambridge, MA: MIT Press. [4] Campbell, jy, 1991, ...
www.personal.anderson.ucla.edu/ rossen.valkanov/ politics53_complete.pdf

Political Cycles and the Macroeconomy
And "Political Cycles and the Macroeconomy" is the most comprehensive and authoritative statement of scholarship in this field. ...
www.ecsocman.edu.ru/ db/ msg/ 9690.html

Electoral Incentives, Political Business Cycles and Macroeconomic ...
Alesina and Roubini (with Cohen), Political Cycles and the Macroeconomy; Torsten Persson and Guido. Tabellini,macroeconomicpolicy,Credibility ...
journals.cambridge.org/ production/ action/ cjoGetFulltext?fulltextid=265428

About the author (1997)

Alberto Alesina is Nathaniel Ropes Professor of Political Economics at Harvard University. Heis the coauthor (with Enrico Spolaore) of The Size of Nations (MIT Press,2003).

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