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How upside down are political business cycles when there is output persistence

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  • Caleiro, António

Abstract

This note shows in what circumstances output persistence may invert the pattern of the political business cycle when inflation expectations are of the adaptive or rational type and the government preferences are quadratic over output and inflation.

Suggested Citation

  • Caleiro, António, 2009. "How upside down are political business cycles when there is output persistence," Research in Economics, Elsevier, vol. 63(1), pages 22-26, March.
    • Handle: RePEc:eee:reecon:v:63:y:2009:i:1:p:22-26
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    Cited by:

    1. Jos� BELBUTE & Ant�nio CALEIRO, 2009. "Measuring Persistence On Consumption In Portugal," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 4(2(8)_ Sum).
    2. J. M. Belbute & A. B. Caleiro, 2013. "Cross Country Evidence on Consumption Persistence," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 3(2), pages 440-440.
    3. Antonio Caleiro, 2012. "Output Persistence in Portugal," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 2(3), pages 206-206.
    4. António Bento Caleiro, 2014. "What if Output Persistence is Disregarded by an Opportunistic Incumbent?," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 4(4), pages 803-803.
    5. Gernot Sieg & Irem Batool, 2012. "Pakistan, Politics and Political Business Cycles," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 51(2), pages 153-166.
    6. António Caleiro, 2013. "How to Classify a Government Can a perceptron do it?," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 3(3), pages 523-523.

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