Kaiser, Karolina; Taugourdeau, Emmanuelle - HAL - 2010
We introduce political economics into the soft budget constraint problem by asking if the timing of elections has the … worse - with synchronized elections, i.e. simultaneous central and regional office terms, or with staggered elections, i ….e. terms of office that do not coincide. We find that staggered elections clearly improve fiscal discipline at the local level …