Contributions by investor-owned companies play major roles in financing the campaigns of candidates for elective office in the United States. We look at the presidential level and analyze contributions by companies before an election and their stock market performance following US presidential...

Over the last decades, there has been plenty of research and articles on Political Business Cycles (PBC), aiming at analyzing and explaining the use of fiscal and monetary instruments to stimulate economic growth before elections, to impress the voters. Following other researches for PBC in...

The phenomena of manipulation of the economy by the incumbent for electoral purpose are called Political Business Cycles (PBC), introduced by Nordhaus (1975). Using policy control economic instruments, as fiscal and monetary instruments, government may manipulate the economy to gain electoral...

We analyze the interaction of stock market movements and politics in Germany. In contrast to the empirical evidence available for the U.S., we do not find that German stock market returns tend to be higher during liberal than during conservative governments. Also in contrast to results for the...

In dem Wissen, dass viele Bürger Diätenerhöhungen kritisch sehen, liegt es nahe, dass Abgeordnete ihre Diäten besser direkt nach Wahlen erhöhen als unmittelbar vor den Wahlen. In einer neuen Studie des ifo Instituts wurde anhand von Daten für 15 deutsche Bundesländer im Zeitraum...

Whether campaign advertising influences election outcomes is an open question; a paradox given the amount spent on campaigning in general and TV advertising in particular. We argue that such “absence of documentation” is due to the focus of the empirical literature on the United States, in...

We propose a simple infinite horizon of repeated elections with two candidates. Furthermore we suppose that the government policy presents some degree of inertia, i.e. a new government cannot completely change the policy implemented by the incumbent. When the policy inertia is strong enough, no...

Eine neue Studie des ifo Instituts zeigt, dass Bundestagsabgeordnete von CDU/CSU, die in sicheren Wahlkreisen gewählt wurden, mit einer deutlich höheren Wahrscheinlichkeit gegen die Ehe für alle gestimmt haben als Abgeordnete aus umkämpften Wahlkreisen. Eine Erhöhung des Stimmenvorsprungs...