Political Business Cycle

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August 31, 2024 5 min read Definitions
Political Business Cycle: Economic Fluctuations for Political Gain
Economics Political Science Political Business Cycle Economic Theory Elections Government Policy Macroeconomics
The theory that some economic fluctuations are due to governments seeking political advantage by expanding the economy in advance of elections. Governments may also choose to make painful reforms immediately after elections, to give the electorate a chance to forget the pain and start reaping the benefits in time for the next election.
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