Partisan Effects in Economies with Variable Electoral Terms
研究在可变选举任期经济体中，政府更迭时机带来的额外党派意外效应，解释预期通胀、产出和就业的变动，不仅限于选举后时期。
In fixed-time electoral economies, partisan surprises are associated with a change in government as in Alberto Alesina (1987). This paper models additional partisan surprises present in variable-electoral-term economies due to the timing of the change in government. Two versions of the model are presented, one in which the timing of the change is exogenous and one in which it is endogenous. The model is interesting as it provides an explanation of movements in expected inflation, output, and employment in all periods, not just those immediately after an election as in fixed-electoral-term models. Copyright 1991 by Ohio State University Press.