This study examines the sources of uncertainty in predicting government tax revenues in Israel. In the first stage, we estimate a model based on several real and financial macroeconomic variables and identify a significant, stable and highly accurate relation between these variables and tax...

Conventional wisdom is that good economic conditions or expansionary fiscal policy help incumbents get re-elected, but this has not been tested in a large cross-section of countries. We test these arguments in a sample of 74 countries over the period 1960-2003. We find no evidence that deficits...

This study examines the sources of uncertainty in predicting government tax revenues in Israel. In the first stage, we estimate a model based on several real and financial macroeconomic variables and identify a significant, stable and highly accurate relation between these variables and tax...

Conventional wisdom is that good economic conditions or expansionary fiscal policy help incumbents get re-elected, but this has not been tested in a large cross-section of countries. We test these arguments in a sample of 74 countries over the period 1960-2003. We find no evidence that deficits...