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010   $a9786613821508
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100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aPolitical Price Cycles in Regulated Industries : $eTheory and Evidence /$fClaudio Paiva, Rodrigo Moita
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (24 p.)
225 1 $aIMF Working Papers
300   $a"November 2006."
311   $a1-4518-6520-1 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. BACKGROUND""; ""III. A MODEL OF A POLITICAL PRICE CYCLES IN A REGULATED INDUSTRY""; ""IV. EMPIRICAL EVIDENCE""; ""V. CONCLUDING REMARKS""; ""Appendix 1. List of Countries Included in the Empirical Work""; ""REFERENCES""
330 3 $aThis paper develops a model of political regulation in which politicians set the regulated price in order to maximize electoral support by signaling to voters a pro-consumer behavior. Political incentives and welfare constraints interact in the model, yielding an equilibrium in which the real price in a regulated industry may fall in periods immediately preceding an election. The paper also provides empirical support for the theoretical model. Using quarterly data from 32 industrial and developing countries over 1978-2004, we find strong statistical and econometric evidence pointing toward the existence of electoral price cycles in gasoline markets.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/260
606   $aPrices$xGovernment policy
606   $aPrice regulation
606   $aInvestments: Energy$2imf
606   $aInflation$2imf
606   $aMacroeconomics$2imf
606   $aEnergy: Demand and Supply$2imf
606   $aPrices$2imf
606   $aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)$2imf
606   $aPrice Level$2imf
606   $aDeflation$2imf
606   $aEnergy: General$2imf
606   $aEconomic growth$2imf
606   $aInvestment & securities$2imf
606   $aFuel prices$2imf
606   $aOil prices$2imf
606   $aBusiness cycles$2imf
606   $aGasoline$2imf
606   $aGas industry$2imf
607   $aUnited States$2imf
615  0$aPrices$xGovernment policy.
615  0$aPrice regulation.
615  7$aInvestments: Energy
615  7$aInflation
615  7$aMacroeconomics
615  7$aEnergy: Demand and Supply
615  7$aPrices
615  7$aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
615  7$aPrice Level
615  7$aDeflation
615  7$aEnergy: General
615  7$aEconomic growth
615  7$aInvestment & securities
615  7$aFuel prices
615  7$aOil prices
615  7$aBusiness cycles
615  7$aGasoline
615  7$aGas industry
700   $aPaiva$b Claudio$01462128
701   $aMoita$b Rodrigo$01462129
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788524903321
996   $aPolitical Price Cycles in Regulated Industries$93670970
997   $aUNINA