Many governments operate consumer debt relief programs, often timed to match the election cycle, but their political … that the program helped the incumbent candidate win that election, and that its effects persisted. Overall, we show how …

Despite the growing public debate on fiscal surprise during election periods in jurisdictions where the democratic … study provides evidence from the dynamic system GMM and the ordinry least squares estimators to show that- (1) election … servicing commitments even in election periods. Policy recommendations are provided in line with the growing levels of debt …