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cycle manifests itself in election year tax cuts and savings on administration costs. Universal suffrage, where all adult … budget cycle manifests itself in election year hikes in capital spending and a reduction in current spending …
Persistent link: https://www.econbiz.de/10013058501
2008 US presidential election, the first political campaign where the internet played a key role. Drawing on data from the …
Persistent link: https://www.econbiz.de/10013315430
Members of parliament (MPs) often decide on their own salaries. Voters dislike self-serving politicians, and politicians are keen to gratify their voters. In line with the political business cycle theories, politicians thus may well delay deciding on increases in salaries until after elections....
Persistent link: https://www.econbiz.de/10013315490
dynamic stochastic general equilibrium model incorporating both technology and political re-election shocks. The later are … uncertain prospects of re-election, find it optimal to follow relatively shortsighted fiscal policies, and that this hurts …
Persistent link: https://www.econbiz.de/10012784084
Higher economic growth was generated during Democratic presidencies compared to Republican presidencies in the United States. The question is why. Blinder and Watson (2016) explain that the Democratic-Republican presidential growth gap (D-R growth gap) can hardly be attributed to the policies...
Persistent link: https://www.econbiz.de/10012952476
(1975-2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation … related to systemic vote buying which requires significant amounts of cash at election times. The finely timed increase in M1 …
Persistent link: https://www.econbiz.de/10013315531
autonomously by German municipalities. As election dates vary across local councils, the data allows us to disentangle effects … behavior as the growth rate of the local business tax is significantly reduced in the election year and the year prior to the … election, while it jumps up in the year after the election. This pattern turns out to be robust against a number of sensitivity …
Persistent link: https://www.econbiz.de/10013110804
Politicians may pander to public opinion and may renounce undertaking beneficial long-term projects. To alleviate this problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is used to...
Persistent link: https://www.econbiz.de/10013130416
positive effect of election stakes on turnout …
Persistent link: https://www.econbiz.de/10013138026
interested in: Does the partisan identity of the mayor influence the voter's decision in the subsequent town council election … the mayor on the result of the last council election? We rely on a regression discontinuity design focusing on close … election outcomes based on municipal level data for Germany. We find that the party of the mayor can receive a bonus of 4 …
Persistent link: https://www.econbiz.de/10013112896