Showing 1 - 10 of 441
In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a … uncertain prospects of re-election, find it optimal to follow relatively shortsighted fiscal policies, and that this lowers …
Persistent link: https://www.econbiz.de/10011511068
does not affect re-election prospects. We also find that voters punish politicians who create deficits during elections … their re-election. This paper investigates the impact of electoral manipulation of the level and composition of fiscal … policy on incumbent’s re-election prospects. This impact is estimated for a panel of 21 OECD countries over the period 1972 …
Persistent link: https://www.econbiz.de/10009300692
I examine whether elections influence perceived corruption in the public sector. Perceived corruption in the public …. The results show that the reversed CPI was about 0.4 points higher in election years than in other years, indicating that … perceived corruption in the public sector increased before elections. The effect is especially pronounced before early elections …
Persistent link: https://www.econbiz.de/10011941292
Through social media, politicians can personalize their campaigns and target specific groups of voters with an unprecedented precision. We assess the effects of such political micro-targeting by exploiting daily advertising prices on Facebook during the 2016 US presidential campaign. We measure...
Persistent link: https://www.econbiz.de/10012206082
This paper documents that surprise election outcomes - measured as deviations between realised vote shares and expected … vote shares based on a newly constructed dataset of opinion polls and party and candidate vote shares close to election day … higher surprise is associated with a 0.37 percentage point lower year-on-year growth rate one year after the election. These …
Persistent link: https://www.econbiz.de/10014320160
This paper surveys some recent literature on fiscal policy and comparative politics. Economic policy is viewed as the outcome of a game with multiple-principals and multiple-agents. Opportunistic politicians bargain over policy. Rational voters hold them accountable through retrospective voting....
Persistent link: https://www.econbiz.de/10009781540
autonomously by German municipalities. As election dates vary across local councils, the data allows us to disentangle effects … related to the timing of elections from common trends. Using a rich panel data-set for German municipalities, we assess the … impact of elections on local business tax choices. The findings support the notion of a political cycle in tax setting …
Persistent link: https://www.econbiz.de/10009488853
We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies … (1975 - 2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard … is related to systemic vote buying which requires significant amounts of cash at election times. The finely timed …
Persistent link: https://www.econbiz.de/10011342347
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/10010237194
deciding on increases in salaries until after elections. We investigate electoral cycles in the salary increases of German …' salaries were influenced by elections. In fact, MPs' salaries increased by 0.30 to 0.37 percent when employees' salaries …
Persistent link: https://www.econbiz.de/10011517956