|Mause I 281
Political Elections/Nordhaus: Nordhaus presented a theoretical model in which re-elected governments stimulate the economy by expanding the money supply before the election. (1) After the election, a restrictive monetary policy will reduce the inflation that has arisen in the meantime. The result is a "political economic cycle".
Other authors suspected that this could be caused not only by monetary policy measures but also by fiscal policy. (2) See Economic Cycle/Tufte.
1. William D. Nordhaus. 1975. The political business cycle. Review of Economic Studies 42, (2) S. 169– 190.
2. Edward R. Tufte,. Political control of the economy. Princeton: Princeton 1978._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
William D. Nordhaus
The political business cycle 1975
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018