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El Ciclo Político-económico: Teoría, Evidencia y Extensión para una Economía Abierta

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  • Paola Assael
  • Felipe Larraín

    (Instituto de Economía)

Abstract

Political business cycle models are mainly differentiated by the motivations of governments and the rationality of agents. Opportunistic theory assumes that the aim of political parties is to remain in power, and thus they stimulate the economy prior to e

Suggested Citation

  • Paola Assael & Felipe Larraín, 1994. "El Ciclo Político-económico: Teoría, Evidencia y Extensión para una Economía Abierta," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 31(92), pages 87-114.
    • Handle: RePEc:ioe:cuadec:v:31:y:1994:i:92:p:87-114
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    References listed on IDEAS

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    8. William D. Nordhaus, 1989. "Alternative Approaches to the Political Business Cycle," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 20(2), pages 1-68.
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    Cited by:

    1. Schuknecht, Ludger, 1998. "Fiscal policy cycles and the exchange regime in developing countries," WTO Staff Working Papers ERAD-97-04, World Trade Organization (WTO), Economic Research and Statistics Division.

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