Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142777
Authors: 
Caleiro, António
Year of Publication: 
2008
Series/Report no.: 
Documento de Trabalho 2007/04
Abstract: 
About twenty years ago, an article by van der Ploeg analysed the implications of the J-curve effect for the political business cycle in a small open economy [van der Ploeg (1989c)]. It was them shown that a sudden jump on the exchange rates in the election day should be observed if the government, in order to maximise its popularity, explores a J-curve effect. As a way of celebrating this work, that should have been more influential, i is presented in the paper a simulation study, which confirms the overvaluation result a la van der Ploeg.
Subjects: 
Exchange Rates
J-Curve
Partisan Business Cycles
Political Business Cycles
JEL: 
E31
E32
F31
Document Type: 
Working Paper

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