Political Business Cycles: The Political Economy Of Money, Inflation, And Unemployment
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| Originally published | 1988 |
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| ID | 2133754 |
About Political Business Cycles: The Political Economy Of Money, Inflation, And Unemployment
The "political business cycle", according to economist William Nordhaus, creates a situation in which political and bureaucratic incentives create artificial economic booms just before elections, with consequent and deleterious side effects after the ballots are counted. . . .