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- W2442904913 abstract "The partisan advantage and incumbency advantage versions of the rational par- tisan business cycle model are tested. Both models assume agents form weighted averages of partisan inflation rates during an election period, and differ only in how the weights are formed which alters the form of business cycles. The partisan advantage assumes fixed weights designated for both major parties in each election, whereas the incumbency advantage model assumes fixed weights for whichever is the incumbent and opposition party in each election. The symmetric representation assumes each election is a toss-up. Strongest support is found for a temporary symmetric effect on the level of output, but none of the models are supported for temporary electoral changes in growth or unemployment rates." @default.
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- W2442904913 date "2002-01-01" @default.
- W2442904913 modified "2023-09-24" @default.
- W2442904913 title "Electoral uncertainty and the macroeconomy: the evidence from" @default.
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