PPPS, THE BUSINESS CYCLE, AND THE POLITICAL CYCLE

2006 ◽  
Keyword(s):  
Business Cycle ◽  
The Political ◽  
Political Cycle ◽  
The Business Cycle

Images of the ‘Floating Voter’: Or, the ‘Political Business Cycle’ Revisited

1978 ◽  
Vol 26 (3) ◽  
pp. 375-394 ◽  
Author(s):  
Paul Mosley
Keyword(s):  
Business Cycle ◽  
Political Business Cycle ◽  
The Political ◽  
Technical Inefficiency ◽  
Gallup Poll ◽  
The Business Cycle ◽  
Poll Data ◽  
Over Time

This paper interprets the British government's failure to achieve better control of the business cycle, not in terms of technical inefficiency, but as a politically rational pursuit of a class of ‘floating voters' perceived by it to change their economic priorities according to the variable which is currently ‘in crisis’. It then investigates whether this perception is accurate, and finds broadly in the affirmative in spite of a growing salience of inflation over time, on the strength of Gallup poll data from 1953–75. The finding of previous studies that government popularity declines cyclically between elections is interpreted in terms of its greater discretion in matters of economic (and other) policy variables in the mid-term, and the hypothesis is put forward that a more economically informed electorate might ipso facto have less unstable preferences.

On the political theory of the business cycle

1979 ◽  
Vol 2 (4) ◽  
pp. 327-332 ◽  
Author(s):  
D. Chappell ◽  
D.A. Peel
Keyword(s):  
Business Cycle ◽  
Political Theory ◽  
The Political ◽  
The Business Cycle

The political theory of the business cycle

1982 ◽  
Vol 17 (2) ◽  
pp. 253-270 ◽  
Author(s):  
Patrick Minford ◽  
David Peel
Keyword(s):  
Business Cycle ◽  
Political Theory ◽  
The Political ◽  
The Business Cycle

Stock Returns and the Business Cycle

CFA Digest ◽  
2005 ◽  
Vol 35 (2) ◽  
pp. 42-43
Author(s):  
Daniel B. Cashion
Keyword(s):  
Business Cycle ◽  
Stock Returns ◽  
The Business Cycle

EXPANSIONS AND RECESSIONS IN THE MEXICAN STATES: A CLASSICAL BUSINESS CYCLES APPROACH

2017 ◽  
Vol 3 (5) ◽  
pp. 32
Author(s):  
Pablo Mejía-Reyes
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
Monthly Basis ◽  
Production Index ◽  
Clear Cut ◽  
Output Measure ◽  
Central Regions ◽  
The Business Cycle ◽  
National Business ◽  
Cycle Indicator

This paper aims to document expansions and recessions characteristics for 17 states of Mexico over the period 1993-2006 by using a classical business cycle approach. We use the manufacturing production index for each state as the business cycle indicator since it is the only output measure available on a monthly basis. According to this approach, we analyse asymmetries in mean, volatility and duration as well as synchronisation over the business cycle regimes (expansions and recessions) for each case. Our results indicate that recessions are less persistent and more volatile (in general) than expansions in most Mexican states; yet, there is no clear cut evidence on mean asymmetries. In turn, there seems to be strong links between the business cycle regimes within the Northern and Central regions of the country and between states with similar industrialisation patterns, although it is difficult to claim that a national business cycle exists.

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