Allen, Stuart D.; Sulock, Joseph M.; Sabo, William A. - In: Public Finance Review 14 (1986) 1, pp. 107-112
This article provides evidence that the seasonally adjusted unemployment rate conforms to a four-year pohtical business cycle such as the one hypothesized by Nordhaus (1976) but only when the incumbent party wins the presidential election. The unemployment rate, however, is only reduced by a...
