Populist political business cycle
DOI:
https://doi.org/10.24136/cxy.2025.006Keywords:
political business cycle, populism, political partiesAbstract
Motivation: Understanding the government’s role in shaping business cycles in light of rising populism within the political environment.
Aim: This article aims to refine the existing models from the political business cycle literature, emphasising populist phenomena to lay the groundwork for the populist political business cycle (PPBC).
Materials and methods: The study employs the selected conceptual approaches in analysing populist presence in the political realm. The inferences from the analysis are then applied to construct a new framework tuned towards delineation of the link between populists and business cycles.
Results: The analysis gives a pathway for a new PPBC model, which describes the political order predicated upon three scenarios with variable sequencies: moving towards a heterodox economic status quo, inducing a Latin American populist cycle, or returning to the previous economic status quo.
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