Baskaran, Thushyanthan; Blesse, Sebastian; Brender, Adi; … - 2015
strength of political budget cycles, using a panel of Israeli municipalities during the period 1999-2009. We find that high … - exacerbates political budget cycles, while tight monitoring - exercised through central government appointment of external … accountants to debt accumulating municipalities - eliminates them. These results suggest that political budget cycles can result …