The political business cycle under rational voting behavior

This essay argues that politically motivated business cycles could persist in a democratic society even if the electorate votes in a rational, fully informed manner, provided that government policymakers have the means to systematically generate macroeconomic fluctuations. This cyclic outcome reflects the pReferences of an electorate that is composed of imperfectly altruistic voters belonging to different overlapping generations. Since each generation has a different horizon over which it would like to have elected politicians provide an optimal economic policy plan, an intergenerational conflict of interests situation arises. This conflict is placed into an explicit political context, whereby cycles become generated under the institutional constraint of periodic elections.     

Postmortem serum selenium concentrations and their possible etiological role in Sudden Infant Death (SID)

The importance of selenium (Se) deficiency in the pathogenesis of human diseases such as Keshan Disease has been extensively studied. It is possible that low Se-levels could cause immunosuppression and be an etiological factor in Sudden Infant Death (SID). We investigated 50 serum samples (40 SID and 10 non-SID victims) by atomic absorption spectrometry. The results show that there is no evidence of a serum selenium deficiency in SID-victims in the region of Aachen. A relationship between selenium concentration and the infant immune system still remains speculative and 21 samples even showed increased serum levels. It could be necessary to define a ‘local’ normal range by examining a greater number of healthy infants.     

Time-consistent monetary policy under output persistence

This note merges the fact that real activity is persistent with a Barro-Gordon type model of endogenous monetary policy. It shows that persistence crucially affects policy choices. This applies in non-cooperative games with a finite horizon, and in games with an infinite horizon. Always, enforceable inflation announcements move higher when output persistence increases. Policymakers who discount future utility by 10% annually produce about ten times as much inflation under near-hysteresis as in a natural-rate scenario. A change in the policymaker's time preference may affect inflation both ways, depending on present time preference and persistence.     

Destroying democracy: How government funds partisan politics

Reviews

Destroying democracy: How government funds partisan politicsJames T. Bennett and Thomas J. DiLorenzo, Washington: CATO Institute, 1985. Bibliography, 505 pages     

Homicide in the elderly. A study of homicide in the aged based on an Aachen autopsy sample of the 10-year period 1976-1985

Investigations on the peculiarities of homicides of the elderly are missing in the German literature up to the present date. Therefore we undertook an evaluation of the case files collected at the Aachen Institute of Forensic Medicine from the ten-year-period 1976-1985. Among 3736 autopsies we found 183 cases of homicide with 35 victims of 60 years and older. We collected peculiarities of modus operandi related to victim, suspect and offence and compared the data with such from police criminal statistics and partially with German population statistics. Two types of homicide of the elderly can be differentiated: One is independent of the victim's age whereas the other exploits the living conditions in the higher age (living alone, socially isolated, ailing, helpless etc.) For these latter cases the name "Gerontocide" is proposed. The paper deals with the peculiar difficulties of criminal investigation and clarification in such cases, resulting on the one hand from the lack of suspicion if elderly people die, on the other hand from the more difficult detection of causal relationship between offence and death--especially in the presence of severe illness of the victim.     

Stability and Internal Consistency of the Offer Self-Image Questionnaire: A Study of Finnish Adolescents

Reliability of the Offer Self-Image Questionnaire (OSIQ) was assessed with two measures—internal consistency and stability—in Finnish children aged 13. The OSIQ was administered to 268 normal 13-year-old pupils (129 girls and 139 boys). Three weeks later, a third of the pupils (N = 88) were randomly selected for retesting. Eighty-three teenagers completed the questionnaire in an acceptable manner. The internal consistency of the test was verified for each scale using Cronbach . To estimate the stability of the test, Pearson correlation coefficients were calculated, and the mean raw scores for each scale were compared with those in the retest. The internal consistency of the test was fairly good ( = 0.54–0.84) for the majority of scales, except for scales S5 and S12 ( = 0.30–0.41). The stability of scales S1, S4, S5, S7, and S10 was good. On the basis of these two measures, we conclude that for Finnish adolescents, the OSIQ is sufficiently reliable only with respect to scales S1, S4, S7, and S10.