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Cited by 440

The DOI matches its Crossref record; 43 of the 43 references it cites were found in a registry or an index.

The Political Business Cycle after 25 Years

Open access
Drazen, Allan·2000·NBER Macroeconomics Annual
DOI 10.1086/654407
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Abstract

Research on the political business cycle since the mid-1970s is surveyed and assessed. We argue that models based on monetary surprises as the driving force are unconvincing explanations of either opportunistic or partisan cycles. Research should concentrate on fiscal policy as the driving force, with monetary effects being the result of accommodation of fiscal impulses. We present a model political business-cycle model (which we term the AFPM model) that combines active fiscal policy and passive monetary policy and that addresses a number of objections to earlier models.

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Metadata

Authors
Drazen, A.
Venue
NBER Macroeconomics Annual
Publisher
University of Chicago Press
Published
2000-01
Volume
15
Pages
75-117
ISSN
  • 0889-3365 (ISSN-L)
  • 1537-2642
DOI
10.1086/654407
OpenAlex
W2101207008
Cited by
440
References
43
FWCI
16.13
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: The Political Business Cycle after 25 Years. https://app.cochat.ai/papers/10.1086/654407
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Drazen, A. (2000). The Political Business Cycle after 25 Years. NBER Macroeconomics Annual. https://doi.org/10.1086/654407

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