Abstract
The aims of this paper are to empirically analize the relations of macroeconomic factors to political situations, and to observe the synchronized fluctuation of macroeconomic variables and political time schedules.
For the sake of some conveniences of data collection and processing, we shall use the data of Post War economy and polity of Japan. We can give the counter example of Western Democratic Countries' experiences that the longrun upward trend of price index is allowable in myopic political situations created by self interested voters and voting maximizer.
Fortunately, in Japan the upward trend of price index is easily to be major political issue, then the policy maker must regulate the trend by functional economic policies. This means that the price stability of the economic situations are reinforced by these political characteristics of Japanese voters and political leaders. The works of this paper are to form the probabilistic voter's loss-function, theoretically and empirically, and to apply to political preference structure of representative voter.
The main conclusions are that voters in Japan form the elliptical political preference function and the political allowable range between the longrun price index and the rate of unemployment, and then the macroeconomic fluctuations may be forced to be stabilyzed by political time schedules.
