Equilibrium Political Budget Cycles Export

@article{citeulike:2947822, abstract = {Political business cycle theories generally rely on nominal rigidities and voter myopia. This paper offers an equilibrium theory which preserves some basic insights from earlier models, though with significant refinements. The "political budget cycle" emphasized here is in fiscal policy rather than output and inflation; it arises via a multidimensional signal process. One can consider the welfare implications of proposals to mitigate the cycle, and the effects of altering the electoral structure.}, author = {Rogoff, Kenneth}, citeulike-article-id = {2947822}, citeulike-linkout-0 = {http://dx.doi.org/10.2307/2006731}, citeulike-linkout-1 = {http://www.jstor.org/stable/2006731}, doi = {10.2307/2006731}, issn = {00028282}, journal = {The American Economic Review}, keywords = {macroeconomic\_policy, policy, political\_business\_cycle, political\_economy}, number = {1}, pages = {21--36}, posted-at = {2008-07-01 13:24:16}, priority = {3}, publisher = {American Economic Association}, title = {Equilibrium Political Budget Cycles}, url = {http://dx.doi.org/10.2307/2006731}, volume = {80}, year = {1990} }

TY - JOUR ID - citeulike:2947822 L3 - citeulike-article-id:2947822 N2 - Political business cycle theories generally rely on nominal rigidities and voter myopia. This paper offers an equilibrium theory which preserves some basic insights from earlier models, though with significant refinements. The "political budget cycle" emphasized here is in fiscal policy rather than output and inflation; it arises via a multidimensional signal process. One can consider the welfare implications of proposals to mitigate the cycle, and the effects of altering the electoral structure. IS - 1 JF - The American Economic Review SN - 00028282 EP - 36 TI - Equilibrium Political Budget Cycles PB - American Economic Association VL - 80 SP - 21 KW - macroeconomic_policy KW - policy KW - political_business_cycle KW - political_economy AU - Rogoff, Kenneth PY - 1990/// UR - http://dx.doi.org/10.2307/2006731 ER -