Der konjunkturelle Schwung hat im Laufe des Jahres 2002 ständig abgenommen bis hin zur Stagnation im letzten Quartal. Das reale Bruttoinlandsprodukt (BIP) expandierte im Jahresdurchschnitt um 1,2%, die Arbeitslosenquote erhöhte sich auf 8,7%. Die Konsumentenpreise stiegen um 1,9%. 2003 dürfte...

We study the impact of economic policy uncertainty on the probability and duration of economic recessions in 10 major European Union countries over the period 1987Q2-2021Q1. We find that economic policy uncertainty results in not only a higher probability of economic recessions but also longer...

Der konjunkturelle Schwung hat im Laufe des Jahres 2002 ständig abgenommen bis hin zur Stagnation im letzten Quartal. Das reale Bruttoinlandsprodukt (BIP) expandierte im Jahresdurchschnitt um 1,2%, die Arbeitslosenquote erhöhte sich auf 8,7%. Die Konsumentenpreise stiegen um 1,9%. 2003 dürfte...

Within EUSECON, one research subproject investigates the relationship between economic downturns, terrorism and electoral outcomes. The analysis is carried out using data from Spain. Recent Spanish democratic history has witnessed four complete economic cycles, with deep recessions and...

The sharp increase in debt in the Caribbean since the mid-1990s has focused attention on the conduct of fiscal policy in the region. This paper aims to diagnose how fiscal policy has behaved during this period by looking at three main cycles of the economy: the business, election, and natural...

The opportunistic political cycle's theories argued that the incumbent raises the visible expenses in the election time. The paper presents an alternative case that the public planning cycle impedes the incumbent to hike these expenditures. As a short-cut, the incumbent prefers to increase the...

Do politics matter for macroprudential policies? I show that changes in macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014. Policies restricting mortgages and consumer credit are systematically looser before...