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Public Choice Theory. A Textbook. Chapter 11. Political Business Cycle and Its Specifics in Contemporary Russia
https://doi.org/10.32609/0042-8736-2003-6-135-157
Abstract
The concept of political business cycle proposed by Nordhaus and McRae is analysed in the eleventh chapter of the textbook. The problem of choice between inflation and unemployment is analyzed. The models of partisan cycle by Gibbs and Alesina are described. The model of political business cycle considering rent-seeking behavior is defined. The impact of mass media on electoral behavior is characterized. The chapter also includes further readings, control tests and questions.
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For citations:
Nureev R. Public Choice Theory. A Textbook. Chapter 11. Political Business Cycle and Its Specifics in Contemporary Russia. Voprosy Ekonomiki. 2003;(6):135-157. (In Russ.) https://doi.org/10.32609/0042-8736-2003-6-135-157
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