We provide new evidence on the short-run effect of elections on monetary aggregates. We study month-to-month fluctuations in the growth rate of M1 in a sample of 85 low and middle income democracies from 1975 to 2009. The evidence shows an increase in the growth rate of M1 during election months...

Intro -- Contents -- Tables, Figures, and Boxes -- Foreword -- Preface and Acknowledgments -- About the Authors -- Acronyms -- 1 Introduction and Summary -- 2 Economic Effects of Labor Standards -- 3 Collective Bargaining and Economic Performance - A Short Review of the Theory -- 4 Empirical...