Ademmer, Esther; Dreher, Ferdinand - 2014
This paper revisits Political Budget Cycles (PBCs) in the enlarged European Union (EU). Based on a panel of 25 current … EU member states from 1996 to 2012, we show that governments frequently fiscally stimulate the economy prior to elections …; a phenomenon that is seemingly not only an 'Eastern problem' of the EU's new members, as has been suggested in the …