In times of an alleged waning of political business cycles and partisan policymaking, vote-seeking policymakers can be expected to shift the use of political manipulation mechanisms towards other policy domains in which the macro-institutional environment allows them greater leverage. Public...

Strong institutional constraints and better-informed voters may lead re-election seeking incumbents to shift the use of political business cycle mechanisms away from monetary and fiscal policy towards other policy domains that are more easily manipulable, targetable, and timeable. We investigate...