Lago-Peñas, Ignacio; Lago-Peñas, Santiago - Instituto de Estudios Fiscales, Ministerio de Economía …
. The search for political support leads ultimately to upward deviations from forecasted public deficits when i) budget procedures are soft, ii) breaking promises made on higher expenditures and the lowering of taxes is costly in political terms, and iii) ex-post control by voters and political...