Price Controls and Electoral Cycles:
This paper studies the interactions between electoral considerations and the imposition of price controls by opportunistic policymakers. The analysis shows that a policy cycle emerges in which price controls are imposed in periods leading to the election, and removed immediately afterwards. The shap...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1993
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 93/89 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | This paper studies the interactions between electoral considerations and the imposition of price controls by opportunistic policymakers. The analysis shows that a policy cycle emerges in which price controls are imposed in periods leading to the election, and removed immediately afterwards. The shape of the cycle is shown to depend on the periodicity of elections, the relative weight attached by the public to inflation as opposed to the macroeconomic distortions associated with price controls, the nature of wage contracts, and the degree of uncertainty about the term in office |
| Beschreibung: | 1 Online-Ressource (24 p) |
| ISBN: | 1451851227 9781451851229 |
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| spelling | Asilis, Carlos M. Verfasser aut Price Controls and Electoral Cycles Asilis, Carlos M Washington, D.C International Monetary Fund 1993 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 93/89 This paper studies the interactions between electoral considerations and the imposition of price controls by opportunistic policymakers. The analysis shows that a policy cycle emerges in which price controls are imposed in periods leading to the election, and removed immediately afterwards. The shape of the cycle is shown to depend on the periodicity of elections, the relative weight attached by the public to inflation as opposed to the macroeconomic distortions associated with price controls, the nature of wage contracts, and the degree of uncertainty about the term in office Online-Ausg Agénor, Pierre-Richard Sonstige oth http://elibrary.imf.org/view/IMF001/05393-9781451851229/05393-9781451851229/05393-9781451851229.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Asilis, Carlos M. Price Controls and Electoral Cycles |
| title | Price Controls and Electoral Cycles |
| title_auth | Price Controls and Electoral Cycles |
| title_exact_search | Price Controls and Electoral Cycles |
| title_exact_search_txtP | Price Controls and Electoral Cycles |
| title_full | Price Controls and Electoral Cycles Asilis, Carlos M |
| title_fullStr | Price Controls and Electoral Cycles Asilis, Carlos M |
| title_full_unstemmed | Price Controls and Electoral Cycles Asilis, Carlos M |
| title_short | Price Controls and Electoral Cycles |
| title_sort | price controls and electoral cycles |
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