The DOI matches its Crossref record; 14 of the 14 references it cites were found in a registry or an index.
Elections and Macroeconomic Policy Cycles
Open accessAbstract
There is an extensive empirical literature on political business cycles, but its theoretical foundations are grounded in pre-rational expectations macroeconomic theory. Here we show that electoral cycles in taxes, government spending and money growth can be modeled as an equilibrium signaling process. The cycle is driven by temporary information asymmetries which can arise if, for example, the government has more current information on its performance in providing for national defence. Incumbents cheat least when their private information is either extremely favourable or extremely unfavourable. An exogeneous increase in the incumbent party's popularity does not necessarily imply a damped policy cycle.
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Cites
Nordhaus, W. D. (1975) · The Review of Economic Studies · doi:10.2307/2296528 · Cited by 3,905
Rules, discretion and reputation in a model of monetary policy
Barro, R. J., & Gordon, D. B. (1983) · Journal of Monetary Economics · doi:10.1016/0304-3932(83)90051-x · Cited by 3,610
On the Determination of the Public Debt
Barro, R. J. (1979) · Journal of Political Economy · doi:10.1086/260807 · Cited by 3,268
Reputation and imperfect information
Kreps, D. M., & Wilson, R. (1982) · Journal of Economic Theory · doi:10.1016/0022-0531(82)90030-8 · Cited by 3,087
Incumbent performance and electoral control
Ferejohn, J. (1986) · Public Choice · doi:10.1007/bf00124924 · Cited by 2,161
A Non-cooperative Equilibrium for Supergames
Friedman, J. W. (1971) · The Review of Economic Studies · doi:10.2307/2296617 · Cited by 1,778
Political Control of the Economy.
Grand, J. L., & Tufte, E. R. (1979) · Economica · doi:10.2307/2553106 · Cited by 1,306
Limit Pricing and Entry under Incomplete Information: An Equilibrium Analysis
Milgrom, P., & Roberts, J. (1982) · Econometrica · doi:10.2307/1912637 · Cited by 1,037
Equilibrium Selection in Signaling Games
Banks, J. S., & Sobel, J. (1987) · Econometrica · doi:10.2307/1913604 · Cited by 919
Political Parties and the Business Cycle in the United States, 1948-1984Preprint
Sachs, J., & Alesina, A. (1988) · RePEc: Research Papers in Economics · Cited by 514
Cited by
Central bank independence and macroeconomic performance: some comparative evidence
Alesina, A., & Summers, L. H. (1993) · Journal of Money, Credit and Banking · doi:10.2307/2077833 · Cited by 1,833
Voting for autocracy: hegemonic party survival and its demise in Mexico
(2007) · Choice Reviews Online · doi:10.5860/choice.44-4695 · Cited by 1,155
Designing institutions for monetary stability
Persson, T., & Tabellini, G. (1993) · Carnegie-Rochester Conference Series on Public Policy · doi:10.1016/0167-2231(93)90003-f · Cited by 554
International Crises and Domestic Politics
Smith, A. (1998) · American Political Science Review · doi:10.2307/2585485 · Cited by 458
The Political Business Cycle after 25 Years
Drazen, A. (2000) · NBER Macroeconomics Annual · doi:10.1086/654407 · Cited by 440
Metadata
- Authors
- Rogoff, K., & Sibert, A.
- Venue
- The Review of Economic Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 1988-01
- Volume
- 55
- Issue
- 1
- Pages
- 1
- ISSN
- 0034-6527 (ISSN-L)
- OpenAlex
- W2046642512
- Cited by
- 1,607
- References
- 14
- FWCI
- 45.47
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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