Political Business Cycles The Political Economy of Money, Inflation and Unemployment

by Thomas D. Willett

Political Business Cycles The Political Economy of Money, Inflation and Unemployment Synopsis

The political business cycle, according to economist William Nordhaus, creates a situation in which political and bureaucratic incentives create artificial economic booms just before elections, with consequent and deleterious side effects after the ballots are counted. This work examines the issue of whether federal governmental structure inevitably leaves the U.S. economy exposed to unhealthy political influences.

Book Information

ISBN: 9780822308423
Publication date: 1st June 1988
Author: Thomas D. Willett
Publisher: Duke University Press
Format: Paperback
Pagination: 534 pages
Categories: Political science & theory, Economic theory & philosophy,

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