Populist political business cycle

Motivation: Understanding the government’s role in shaping business cycles in light of rising populism within the political environment.Aim: This article aims to refine the existing models from the political business cycle literature, emphasising populist phenomena to lay the groundwork for the populist political business cycle (PPBC).Materials and methods: The study employs the selected conceptual approaches in analysing populist presence in the political realm. The inferences from the analysis are then applied to construct a new framework tuned towards delineation of the link between populists and business cycles.Results: The analysis gives a pathway for a new PPBC model, which describes the political order predicated upon three scenarios with variable sequencies: moving towards a heterodox economic status quo, inducing a Latin American populist cycle, or returning to the previous economic status quo.