The Political Economics Side of the J-Curve
Abstract: About 20 years ago, van der Ploeg analyzed the implications of the J-curve effect for the political business cycle in a small open economy (van der Ploeg, 1989a). It was then shown that a sudden jump in the exchange rates on the election day should be observed if the government, in order to maximize its popularity, explores a J-curve effect. As a way of celebrating this work, a simulation study is presented in this paper, which confirms the exchange rate overvaluation result a la van der Ploeg.
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Bibliographic InfoArticle provided by IUP Publications in its journal The IUP Journal of Applied Economics.
Volume (Year): VIII (2009)
Issue (Month): 3-4 (May-July)
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Other versions of this item:
- António Caleiro, 2008. "The Political Economics Side of the J-Curve," Economics Working Papers, University of Ãvora, Department of Economics (Portugal) 02_2008, University of Évora, Department of Economics (Portugal).
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- F31 - International Economics - - International Finance - - - Foreign Exchange
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