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corruption, the features of electoral cycles. The paper discusses both theory and evidence, and concludes with some speculations …
Persistent link: https://www.econbiz.de/10009781540
corruption, the features of electoral cycles. The paper discusses both theory and evidence, and concludes with some speculations …
Persistent link: https://www.econbiz.de/10005406326
, compared to parliamentary regimes. Under majoritarian elections, social transfers are smaller and aggregate spending less … responsive to to income shocks than under proportional elections. Institutions also shape electoral cycles; only in presidential … regimes is fiscal adjustment delayed until after the elections, and only in proportional and parliamentary systems do social …
Persistent link: https://www.econbiz.de/10005111564
Persistent link: https://www.econbiz.de/10014631230
Observed fiscal policy varies greatly across time and countries. How can we explain this variation? This paper surveys the recent literature that has tried to answer this question. We adopt a unified approach in portraying public policy as the equilibrium outcome of an explicitly specified...
Persistent link: https://www.econbiz.de/10014024840
economies, previous political cycle models had overlooked the influence of elections on the behavior of exchange rates. Voter …
Persistent link: https://www.econbiz.de/10010944007
Persistent link: https://www.econbiz.de/10011336688
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