Electoral Cycles Through Lobbying
In this paper, we build a framework where the interplay between the lobby power of special interest groups and the voting power of the majority of the population leads to political business cycles. We apply our setup to explain electoral cycles in government expenditure composition, aggregate expenditures, and real exchange rates. Copyright 2010 Blackwell Publishing Ltd.
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Volume (Year): 22 (2010)
Issue (Month): 3 (November)
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