BERLEMANN, MICHAEL; MARKWARDT, GUNTHER - In: Journal of Money, Credit and Banking 39 (2007) 8, pp. 1919-1945
The empirical evidence toward rational partisan theory of business cycles is mixed and thus inconclusive. This is due to the enormous heterogeneity of the existing empirical studies. Only a few of these test explicitly for the central theoretical innovation that post-electoral blips in economic...