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Policy Makers' Preferences, Party Ideology and the Political Business Cycle Author info | Abstract | Publisher info | Download info | Related research | Statistics Stefan Krause ()
Fabio Mendez
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We generate a time-series of relative preferences of policy makers for inflation stability using a sample of 24 countries in order to study the behavior of political parties. Such behavior is essential in both the partisan cycle models and the opportunistic political cycle analysis. Our evidence tends to support the partisan view, with right-wing parties exhibiting a higher preference towards stabilizing inflation than left-wing parties, while obtaining mixed results on the opportunistic behavior of incumbent parties. Finally, when we analyze the behavior of separate ideologies, we find overwhelming support of party resemblance on election year and evidence favoring an opportunistic conduct by right-wing parties.
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Paper provided by Department of Economics, Emory University (Atlanta) in its series Emory Economics with number
0319.
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Date of creation: Oct 2003Date of revision:
Handle: RePEc:emo:wp2003:0319Contact details of provider: Email: Web page: http://www.economics.emory.edu/Working_Papers/wp/ More information through EDIRC
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Richard Clarida & Jordi Gali & Mark Gertler, 1999.
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Stefan Krause & Fabio Mendez, 2006.
"Does Opportunism Pay Off? A Study of Vote Functions and Policy Preferences ,"
Emory Economics
0604, Department of Economics, Emory University (Atlanta).
[Downloadable!]
Stefan Krause & Fabio Mendez, 2005.
"Institutions, Arrangements, and Preferences for Inflation Stability: Evidence and Lessons from a Panel Data Analysis ,"
Emory Economics
0501, Department of Economics, Emory University (Atlanta).
[Downloadable!]
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