Streb, Jorge - In: Estudios de Economia 26, 2 Year 1999, pp. 187-206
An incumbent's drive for reelection can lead to political budget cycles. The distortion cycles cause in economic policy … individual candidates, constitutional clauses that prohibit the reelection of the president eliminate political budget cycles …. One-term limits that allow non-immediate reelection also shift the focus from short-run cycles to the long-run soundness …