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This paper revisits Political Budget Cycles (PBCs) in the enlarged European Union (EU). Based on a panel of 25 current EU member states from 1996 to 2012, we show that governments frequently fiscally stimulate the economy prior to elections; a phenomenon that is seemingly not only an ‘Eastern...
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countries over the period 1950 to 2007. As main political factors the level of democracy in the trading partners as well as the …
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discussion of the pros and cons of direct democracy, the ability of direct democracy to help creating a European demos is …
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