About this document
Political Business Cycle Analysis by rosoriof is a document available to read on EtoBox.
This document examines a macroeconomic model that combines features of real business cycle models and political business cycle models. It aims to replicate two empirical regularities found in post-World War II U.S. data: 1) the economy on average expands early under Democratic presidents and contracts early under Republican presidents, and 2) presidents whose parties retain the presidency have stronger than average growth in the second half of their terms. The model introduces political shocks in the form o
- Author
- rosoriof
- Language
- EN