Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159337
Authors: 
Castellani, Massimiliano
Scorcu, Antonello E.
Year of Publication: 
2004
Series/Report no.: 
Quaderni - Working Paper DSE 496
Abstract: 
In this paper we consider the effects of «multiplicative» uncertainty about the structure of the economy in the standard partisan model. An increase in the uncertainty decreases of the inflation rate pursued by the liberal policymaker, but increases the inflation rate pursued by the conservative policymaker. For certain configurations of the parameters, an increase in the uncertainty reduces the expected loss of both parties.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

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