The theory of economic voting has extensively explored the influence of national economic conditions on votes for the … of voting swings in the sense of change in votes for non-governing parties. This is owed to the limitations of the theory … the incumbent at the heart of the theory of economic voting explains only a marginal part of total electoral volatility …

The theory of economic voting has extensively explored the influence of national economic conditions on votes for the … of voting swings in the sense of change in votes for non-governing parties. This is owed to the limitations of the theory … the incumbent at the heart of the theory of economic voting explains only a marginal part of total electoral volatility …

"This paper develops a theory of expectations-driven business cycles based on learning. Agents have incomplete … series is captured, unlike in standard models. Inherited from real business cycle theory, the benchmark model suffers a …