Alesina, Alberto; Sachs, Jeffrey - In: Journal of Money, Credit and Banking 20 (1988) 1, pp. 63-82
This paper tests the existence and the extent of a politically induced busi ness cycle in the United States in the post-World War II period. The cycle described in this paper is quite different from the traditional "political business cycle" of William Nordhaus. It is based upon t he assumption...