Caleiro, António Bento (2014), "What if Output Persistence is Disregarded by an Opportunistic Incumbent?", International Journal of Latest Trends in Finance and Economic Sciences, 4: 4, December, 803-806.
This note presents the consequences of output
persistence being disregarded by an electorally motivated incumbent. In this case, incumbent’s policies are suboptimal not only socially but also from the electoral point of view.