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We study the returns to political office using data from Finnish parliamentary elections in 1970-2007 and municipal … elections in 1996-2008. The discontinuity of electoral outcomes in individual candidate votes allows us to estimate the causal …
Persistent link: https://www.econbiz.de/10010223364
economies, previous political cycle models had overlooked the influence of elections on the behavior of exchange rates. Voter …
Persistent link: https://www.econbiz.de/10011543073
In this paper, we examine how the institutional design affects the outcome of bank bailout decisions. In the German savings bank sector, distress events can be resolved by local politicians or a state-level association. We show that decisions by local politicians with close links to the bank are...
Persistent link: https://www.econbiz.de/10011456861
The great majority of the theoretical analysis about electoral cycles has considered the national space as the territory of interest for the study of the economic consequences of an electoralist behaviour by the central government. This fact, in conjunction to the nature of the data most...
Persistent link: https://www.econbiz.de/10011502335
when state elections occurred relative to the average investment ratio in years with no state election. Firms however seem …
Persistent link: https://www.econbiz.de/10011539894
firm owners are optimistic regarding their expected business development before state elections. After state elections … optimistic prior to state elections because politicians promised individual policies to gratify the firms' needs during election … times. Firms might be disappointed after elections as the promises made during election campaigns by politicians turn out to …
Persistent link: https://www.econbiz.de/10011542240
In this paper, we examine how the institutional design affects the outcome of bank bailout decisions. In the German savings bank sector, distress events can be resolved by local politicians or a state-level association. We show that decisions by local politicians with close links to the bank are...
Persistent link: https://www.econbiz.de/10010499596