Cassette, Aurélie; Farvaque, Etienne - In: Economics Letters 122 (2014) 2, pp. 314-316
We show that voters are fiscal conservatives, although in the long run only: while the average (over the mandate) level of debt has a negative impact on the probability of reelection, pre-election debt accumulation by incumbents increases their probability of reelection. As the negative impact...
