(This is an extended abstract of my paper with the above title) See the full paper at https://drive.google.com/open?id=0BxuiyZbe5M6ncnNqVkdBN2RBR00 There exists a vast literature inquiring and modelling the nexus between politics and macroeconomic policy making. Mostly the western democracies have been the focus of empirical investigations on this subject, stirred by publication of the paper (Nordhaus1975) […]