@techreport{Berlemann2003Partisan,
abstract = {Rational partisan theory of political business cycles suggests differences in inflation under left-wing and right-wing governments. It also suggests temporary post-electoral booms after election of left-wing governments and temporary recessions after election of right-wing ones. However, the core hypothesis that post-electoral booms and recessions depend upon the degree of pre-electoral uncertainty has rarely been tested. Using pre-electoral polling data, we provide empirical evidence in favor of the hypothesis of the existence of rational partisan cycles. We also show that - in line with most previous empirical studies - there is little evidence for partisan cycles under adaptive expectations.},
address = {Dresden},
author = {Michael Berlemann and Gunther Markwardt},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E32; 330; partisan theory; political business cycles; Politischer Konjunkturzyklus; Wahlverhalten; Erwartungstheorie; Sch\"{a}tzung; Theorie; OECD-Staaten},
language = {eng},
number = {01/03},
publisher = {Techn. Univ., Fak. Wirtschaftswiss.},
title = {Partisan cycles and pre-electoral uncertainty},
type = {Dresden discussion paper in economics},
url = {http://hdl.handle.net/10419/48139},
year = {2003}
}
