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The aim of this paper is to prove the occurrence of policy tools manipulation by incumbent politicians prior to an election, followed by the reverse policies after the elections are over, in a cyclical pattern. The paper studies the case of post-communist Romania. Our approach uses foreign currencies exchange rates as indicators of a change in the monetary mass, opposed to the price of gold as an indicator of the real economy. The interest rate for deposits is also analyzed through auto-regressive time series. Statistical analysis of data provides clear evidence of political intrusion in economy in Romania.
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- Silvia Palasca (Autor:in), 2013, Statistics of the Romanian Political Business Cyrcle, München, GRIN Verlag, https://www.grin.com/document/215748
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