Pakistan, Politics and Political Business Cycles

Political Business Cycles and Inflation Stabilization

When the choice of the nominal anchor and timing of inflation stabilization is analyzed with models of political business cycles, there is room for political opportunism of policymakers. The different business cycles associated with exchange rate-based (ERBS) and money-based stabilizations (MBS) imply that the decision regarding the timing and nominal anchor of stabilization may be affected by ...

Mixing Business with Politics: Political Participation by Entrepreneurs in China

We study how Chinese private entrepreneurs benefit from participating in politics. Using original hand-collected data on listed firms controlled by private entrepreneurs, we document a significant positive relationship between political participation and change in firm performance. We also provide evidence that the change in social status cannot explain the change in performance. We then identi...

Pakistan, politics and polio.

Page 1 of 5 Pakistan, politics and polio Sania Nishtar a Heartfile, 1 Park Road, Chak Shahzad, Islamabad, 44000, Pakistan. Correspondence to Sania Nishtar (e-mail: [email protected]). (Submitted: 7 April 2009 – Revised version received: 30 June 2009 – Accepted: 16 July 2009 – Published online: 8 December 2009) The United Nations Secretary General’s concern over the recent resurgence of polio ...

Searching for Opportunistic Political Business Cycles in Turkey

Who Creates Political Business Cycles? (Should Central Banks Be Blamed?)

Little attention has been paid in most economic studies on political business cycles to separate the effects of fiscal and monetary policy. We attempt to assess the effect of monetary policy in a panel model for 14 OECD countries. To answer the question of whether central banks actively create political business cycles we focus on the short-term interest rate as a proxy for the use of monetary ...