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Variable rational partisan cycles and electoral uncertainty

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  • Berlemann, Michael
  • Markwardt, Gunther

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Bibliographic Info

Article provided by Elsevier in its journal European Journal of Political Economy.

Volume (Year): 22 (2006)
Issue (Month): 4 (December)
Pages: 874-886

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Handle: RePEc:eee:poleco:v:22:y:2006:i:4:p:874-886

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Web page: http://www.elsevier.com/locate/inca/505544

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References

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  1. Alberto Alesina & Nouriel Roubini & Gerald D. Cohen, 1997. "Political Cycles and the Macroeconomy," MIT Press Books, The MIT Press, The MIT Press, edition 1, volume 1, number 0262510944, December.
  2. Heckelman, Jac C., 2001. "Partisan Business Cycles under Variable Election Dates," Journal of Macroeconomics, Elsevier, Elsevier, vol. 23(2), pages 261-275, April.
  3. Alesina, Alberto, 1987. "Macroeconomic Policy in a Two-party System as a Repeated Game," Scholarly Articles 4552531, Harvard University Department of Economics.
  4. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 85(3), pages 473-91, June.
  5. M. R. Garfinkel & A. Glazer & J. Lee, 1999. "Election Surprises and Exchange Rate Uncertainty," Economics and Politics, Wiley Blackwell, Wiley Blackwell, vol. 11(3), pages 255-274, November.
  6. Olivier J. Blanchard & Lawrence H. Summers, 1986. "Hysteresis And The European Unemployment Problem," NBER Chapters, in: NBER Macroeconomics Annual 1986, Volume 1, pages 15-90 National Bureau of Economic Research, Inc.
  7. Ellis, Christopher J & Thoma, Mark A, 1991. "Partisan Effects in Economies with Variable Electoral Terms," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 23(4), pages 728-41, November.
  8. Jac C. Heckelman, 2002. "Variable Rational Partisan Business Cycles: theory and some evidence," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 35(3), pages 568-585, August.
  9. Steven M. Sheffrin, 1989. "Evaluating Rational Partisan Business Cycle Theory," Economics and Politics, Wiley Blackwell, Wiley Blackwell, vol. 1(3), pages 239-259, November.
  10. Rob Roy McGregor, 1996. "Fomc Voting Behavior And Electoral Cycles: Partisan Ideology And Partisan Loyalty," Economics and Politics, Wiley Blackwell, Wiley Blackwell, vol. 8(1), pages 17-32, 03.
  11. Pasaran, M.H. & Im, K.S. & Shin, Y., 1995. "Testing for Unit Roots in Heterogeneous Panels," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge 9526, Faculty of Economics, University of Cambridge.
  12. Robert J. Barro & David B. Gordon, 1981. "A Positive Theory of Monetary Policy in a Natural-Rate Model," NBER Working Papers 0807, National Bureau of Economic Research, Inc.
  13. Faust, Jon & Irons, John S., 1999. "Money, politics and the post-war business cycle," Journal of Monetary Economics, Elsevier, Elsevier, vol. 43(1), pages 61-89, February.
  14. Alesina, Alberto F & Roubini, Nouriel, 1990. "Political Cycles in OECD Economies," CEPR Discussion Papers, C.E.P.R. Discussion Papers 470, C.E.P.R. Discussion Papers.
  15. Alesina, Alberto, 1987. "Macroeconomic Policy in a Two-Party System as a Repeated Game," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 102(3), pages 651-78, August.
  16. Belke, Ansgar, 2000. " Partisan Political Business Cycles in the German Labour Market? Empirical Tests in the Light of the Lucas-Critique," Public Choice, Springer, Springer, vol. 104(3-4), pages 225-83, September.
  17. Alesina, Alberto, 1988. "Credibility and Policy Convergence in a Two-Party System with Rational Voters," American Economic Review, American Economic Association, American Economic Association, vol. 78(4), pages 796-805, September.
  18. Hibbs, Douglas Jr., 1992. "Partisan theory after fifteen years," European Journal of Political Economy, Elsevier, Elsevier, vol. 8(3), pages 361-373, October.
  19. David Kiefer, 2000. "Activist Macroeconomic Policy, Election Effects and the Formation of Expectations: Evidence from OECD Economies," Economics and Politics, Wiley Blackwell, Wiley Blackwell, vol. 12(2), pages 137-154, 07.
  20. Berger, Helge & Woitek, Ulrich, 1997. " Searching for Political Business Cycles in Germany," Public Choice, Springer, Springer, vol. 91(2), pages 179-97, April.
  21. Roubini, Nouriel & Alesina, Alberto, 1992. "Political Cycles in OECD Economies," Scholarly Articles 4553025, Harvard University Department of Economics.
  22. Gartner, Manfred, 1997. " Time-Consistent Monetary Policy under Output Persistence," Public Choice, Springer, Springer, vol. 92(3-4), pages 429-37, September.
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Cited by:
  1. John Goodell & Richard Bodey, 2012. "Price-earnings changes during US presidential election cycles: voter uncertainty and other determinants," Public Choice, Springer, Springer, vol. 150(3), pages 633-650, March.
  2. Goodell, John W. & Vähämaa, Sami, 2013. "US presidential elections and implied volatility: The role of political uncertainty," Journal of Banking & Finance, Elsevier, Elsevier, vol. 37(3), pages 1108-1117.
  3. Chang, Koyin & Kim, Yoonbai & Tomljanovich, Marc & Ying, Yung-Hsiang, 2013. "Do political parties foster business cycles? An examination of developed economies," Journal of Comparative Economics, Elsevier, vol. 41(1), pages 212-226.

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