The Political Business Cycle: How Significant?
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Stuart D. Allen, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: This article provides evidence that the seasonally adjusted unemployment rate conforms to a four-year political business cycle such as the one hypothesized by Nordhaus (1976) but only when the incumbent party wins the presidential election. The unemployment rate, however, is only reduced by a cumulative effect of .3 to .6 percentage points in the two years preceding a presidential victory.
The Political Business Cycle: How Significant?
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Created on 11/10/2010
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Additional Information
- Publication
- Public Finance Quarterly, 14(1), January, 107-112.
- Language: English
- Date: 1986
- Keywords
- Presidential elections, Politics, Economy, Unemployment, Business cycle