Alesina, Alberto; Ciminelli, Gabriele; Furceri, Davide; … - 2024
implementing government and find that austerity packages consisting mostly of tax hikes have a significant electoral cost, which is … larger for government parties that campaigned on a free-market manifesto. Conversely, expenditure-based austerity is costlier … for government parties that did not run on a small-government platform, but may be beneficial for those that did. We show …