autonomously by German municipalities. As election dates vary across local councils, the data allows us to disentangle effects … behavior as the growth rate of the local business tax is significantly reduced in the election year and the year prior to the … election, while it jumps up in the year after the election. This pattern turns out to be robust against a number of sensitivity …

autonomously by German municipalities. As election dates vary across local councils, the data allows us to disentangle effects … behavior as the growth rate of the local business tax is significantly reduced in the election year and the year prior to the … election, while it jumps up in the year after the election. This pattern turns out to be robust against a number of sensitivity …

In this paper we study whether inflation expectations react on variations of election outcome expectations. Using data …

uncertain prospects of re-election, find it optimal to follow relatively shortsighted fiscal policies, and that this lowers …