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Political Business Cycles

Editor

Listed:
  • Bruno S. Frey

Abstract

This is a collection of articles on how the government influences the economy in order to secure re-election. The economy is steered such that unemployment and inflation are as low as possible, and the growth of real income as high as possible during the election period. The collection contains forerunners to the analysis of this phenomenon, surveys emphasizing different aspects, empirical and the major theoretical approaches (vote maximization, partisan, and vote-cum-partisan models and rational political business cycles. The collection provides extensions including the role of the central bank, of direct democracy and the particular cycles in East European communist countries. Finally, the policy relevance is discussed.

Suggested Citation

  • Bruno S. Frey (ed.), 1997. "Political Business Cycles," Books, Edward Elgar Publishing, number 920.
    • Handle: RePEc:elg:eebook:920
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    File URL: http://www.e-elgar.com/shop/isbn/9781858983998
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    Citations

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    Cited by:

    1. Rui Nuno Baleiras & José da Silva Costa, 2003. "To Be or Not To Be in Office Again: Political Business Cycles with Local Governments," Public Economics 0302009, University Library of Munich, Germany.
    2. Rui Baleiras & Vasco Santos, 2000. "Behavioral and Institutional Determinants of Political Business Cycles," Public Choice, Springer, vol. 104(1), pages 121-147, July.
    3. Mastromarco, Camilla & Woitek, Ulrich, 2007. "Regional business cycles in Italy," Computational Statistics & Data Analysis, Elsevier, vol. 52(2), pages 907-918, October.
    4. John Gibson, 1999. "Political Timing," Journal of Theoretical Politics, , vol. 11(4), pages 471-496, October.
    5. Petr Chmelík, 2009. "The Importance of Direct Democracy Tools for the Quality of Political Competition at the National and Local Levels [Význam nástrojů přímé demokracie pro kvalitu politické konkurence na národní i lo," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2009(5), pages 70-88.
    6. Peter Kukuk & Adam Gersl, 2011. "Political Pressure on the National Bank of Slovakia," Working Papers IES 2011/29, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Sep 2011.
    7. Ignacio Lago-Peñas & Santiago Lago-Peñas, "undated". "Explaining Budgetary Indiscipline: Evidence From Spanish Municipalities," Working Papers 21-04 Classification-JEL , Instituto de Estudios Fiscales.
    8. Stutzer Alois & Frey Bruno S., 2006. "Making International Organizations More Democratic," Review of Law & Economics, De Gruyter, vol. 1(3), pages 305-330, January.
    9. Bruno S. Frey & Alois Stutzer, 2000. "Maximising Happiness?," German Economic Review, Verein für Socialpolitik, vol. 1(2), pages 145-167, May.
    10. Bruno Frey & Alois Stutzer, 2017. "Public Choice and Happiness," CREMA Working Paper Series 2017-03, Center for Research in Economics, Management and the Arts (CREMA).
    11. Bruno S. Frey, 2009. "A multiplicity of approaches to institutional analysis. Applications to the government and the arts," IEW - Working Papers 420, Institute for Empirical Research in Economics - University of Zurich.
    12. Bruno Frey & Alois Stutzer, 2006. "Strengthening the citizens' role in international organizations," The Review of International Organizations, Springer, vol. 1(1), pages 27-43, March.
    13. Rui Nuno Baleiras & Jose da Silva Costa, 2001. "To be or not to be in office again, that is the question: political business cycles with local governments," Nova SBE Working Paper Series wp402, Universidade Nova de Lisboa, Nova School of Business and Economics.
    14. Gerold Blümle & Friedrich Sell, 1998. "A positive theory of optimal personal income distribution and growth," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 26(4), pages 331-352, December.
    15. Bruno Frey & Alois Stutzer, 2010. "Happiness and public choice," Public Choice, Springer, vol. 144(3), pages 557-573, September.

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    Keywords

    Economics and Finance;

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