摘要: The partisan advantage and incumbency versions ofthe rational business cycle model are tested. Bothmodels assume agents form weighted averages of partisaninflation rates during an election period, differ only inhow the weights formed which alters businesscycles. assumes fixed weightsdesignated for both major parties in each election, whereasthe forwhichever is incumbent opposition party eachelection. symmetric representation electionis a toss-up. Strongest support found temporarysymmetric effect on level output, but none themodels supported temporary electoral changes growthor unemployment rates.
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