In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties can alternate in power. The party in office chooses...

In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties can alternate in power. The party in office chooses...

Frankreich ist im gegenwärtigen Euroland-Aufschwung der Nachzügler. Erstmals seit Einführung des Euro im Jahr 1999 blieb die Wachstumsrate seines realen Bruttoinlandsprodukts spürbar hinter derjenigen der gesamten Eurozone zurück. Kann Nicolas Sarkozy das Land wieder auf Wachstumskurs...