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Persistent link: https://www.econbiz.de/10011282093
We first study theoretically how intergovernmental relations affect political budget cycles (PBCs) within federal countries, introducing a national incumbent that favors aligned districts in a model where discretionary fiscal policy is subject to credibility problems. Then we analyze Argentina's...
Persistent link: https://www.econbiz.de/10012952633
To understand how intergovernmental relations affect political budget cycles (PBCs) within federal countries, we model the credibility problems of discretionary fiscal policy in combination with a national incumbent that favors aligned districts. Analyzing Argentina's provinces during the...
Persistent link: https://www.econbiz.de/10011568866
Using data from a unique survey of members of parliaments in France, Germany and Italy in 2018, we estimate the effects of three dimensions on EU and euro area fiscal reform preferences: nationality, political ideology, and populism. We predict and confirm that a German populist party on the...
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An event study analysis is performed on consumer confidence around election times using an effective sample of 84 … incumbent party wins or loses. Consumer confidence is able to predict positively the probability of re-election of the incumbent …
Persistent link: https://www.econbiz.de/10014052871
This paper studies the existence of election cycles in public procurement in the European Union for the national level …
Persistent link: https://www.econbiz.de/10012649806
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results of the system GMM revealed that the fiscal deficit is significantly large in election years and the deficit spending … spills into the year after the election, though not as high as in the election year. We could not, however, find a … significant effect in the pre-election year. In addition, we found evidence suggesting that though democracy significantly lowers …
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