The Presidential Political Business Cycle of 1972
研究聚焦1969至1972年，分析尼克松总统如何利用货币政策、财政政策和工资价格管制在1972年大选前制造经济繁荣，揭示其操纵经济的机制。
Previous studies of the political business cycle have examined time series data to determine whether a pattern of pre-election boom and post-election slump exists. The studies do not investigate the behavior and mechanisms by which a politician may effectuate a political business cycle. We focus on one time period, 1969 to 1972, and conclude that President Nixon's personality and operating environment explain why he manipulated the economy for political gain. The mechanisms he utilized to improve macroeconomic conditions before the 1972 election include monetary policy, fiscal policy, and wage-price controls.