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This paper empirically analyses the relationship between political leaders’ socioeconomic backgrounds and public budget deficits utilising panel data on 21 OECD countries from 1980 to 2008. Building on sociological, as well as economic, research, we argue that the socioeconomic status of...
Persistent link: https://www.econbiz.de/10014256961
This paper investigates whether the socioeconomic status of the head of government helps explain fiscal performance. Applying sociological research that attributes differences in people's ways of thinking and acting to their relative standing within society, we test whether the social status of...
Persistent link: https://www.econbiz.de/10013067274
combination of expansionary monetary policy and austere fiscal policy provides better stabilisation of both domestic and foreign … economies in terms of both output and inflation. In the case of a monetary union, we find that stabilisation of output in the …
Persistent link: https://www.econbiz.de/10014254357
We examine determinants of the composition of public expenditure in the German Laender (states) over the period 1992–2008, as the Laender exhibit a high degree of institutional and political homogeneity and are endowed with extensive fiscal competences. Our prime contribution is an...
Persistent link: https://www.econbiz.de/10013110707