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The paper analyses the four principal model types that comprise the political business cycle literature. It then considers how this literature complements the ‘new political macroeconomics’ in analysing the impact of politics on inflation. Political business cycle models can be classified...
Persistent link: https://www.econbiz.de/10005422740
Focussing on the London 2012 legacy claim relating to increased activity levels and sports participation, the paper discusses a range of factors which appear to militate against its achievement. Utilising a Foucauldian theoretical framework, we discuss how some of these operate at the conceptual...
Persistent link: https://www.econbiz.de/10011144980
The changes in the university system have led to a larger proportion of students in higher education. As a result, the range of abilities in classes is now considerable and variable. Students are now more diverse in age, experience, cultural background and even their motivation for study. Biggs...
Persistent link: https://www.econbiz.de/10011153844
Political business cycle theories in modelling the interaction between the polity and the economic system have continually failed to consider questions of economic and political interdependence between nations. In considering the current principal political business cycle models we ask how the...
Persistent link: https://www.econbiz.de/10011095325
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Rogoff, 1985, suggested that central bank independence would lead to lower inflation but greater output variability. Alesina and Gatti, 1995, demonstrated Rogoff’s work was partial by only considering economic sources of output variability. By including political factors, circumstances could...
Persistent link: https://www.econbiz.de/10005561908
Purpose – The purpose of this paper is to present an analytical summary of UK housing policies. It aims to evaluate UK government's housing policies, before and after the publication of the Barker Review, to tackle affordability issues in the owner‐occupied sector. It examines the extent to...
Persistent link: https://www.econbiz.de/10014777763