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levels of democracy. In developed countries, especially old democracies, election-year deficits actually reduce the … countries and in new democracies, but voters are affected by growth over the leader's term in office rather than in the election …
Persistent link: https://www.econbiz.de/10013225839
levels of democracy. In developed countries, especially old democracies, election-year deficits actually reduce the … countries and in new democracies, but voters are affected by growth over the leader's term in office rather than in the election …
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This paper tests the joint hypotheses that policymakers engage in fiscal policy opportunism and that voters respond by rewarding that opportunism with higher vote margins. Furthermore, it investigates the impact of fiscal illusion on the previous two dimensions. Empirical results, obtained with...
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This paper inquires the following research question that “to what extent, do election years have explanatory power to … expenditures and decrease(s) taxation before the elections for re-election prospect. This paper’s arguments are twofold. First … district level from Turkish Statistical Institute library’s scanned archive documents and on incumbent candidate and party (re-)election …
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Motivated by the recent debate about the EU fiscal framework, we analyse public debt ceilings in a political-economy model with uncertainty about both the type of policymaker (benevolent or selfish) and the state of the economy (good or bad). Pooling, hybrid and separating equilibria may exist....
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