In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties can alternate in power. The party in office chooses...

We examine whether government ideology was correlated with the growth in military expenditure in Germany over the period 1951-2011. By using various measures of government ideology, the results do not show any effect. The exception is an ideology measure based on the Comparative Manifesto...

Currently there is much discussion as to whether the chapter of West Germany’s post-war history popularly known as the "Economic Miracle" can be repeated in the region of the former GDR. Professor Lang presents a series of factors which encouraged the West German economic miracle at that time,...