To understand how intergovernmental relations affect political budget cycles (PBCs) within federal countries, we model the credibility problems of discretionary fiscal policy in combination with a national incumbent that favors aligned districts. Analyzing Argentina's provinces during the...

During the last decades substantial increases in both output as well as productivity have taken place in Argentine cereal and oilseed production. This has not been the case of livestock production, where both output as well as productivity increases have been modest. This paper - of an...

Mediante un modelo de frontera de producción estocástica se analizó el nivel de eficiencia técnica para la producción de soja, maíz y trigo en empresas agropecuarias del partido de Pergamino, Buenos Aires, Argentina. El costo asociado a tres indicadores ambientales: balances de nutrientes,...

This paper analyzes agricultural policy in Argentina and calculates the degree of support received by producers and consumers. We present a summary of developments in the agricultural policy environment that have occurred in the last decades in Argentina, as well as the resulting performance of...

Previous empirical work on political budget cycles (PBCs) implicitly assumes the executive has full discretion over fiscal policy. Instead, we ask what happens when legislative checks and balances limit executive discretion. We find that legislative checks and balances moderate PBCs in countries...

Primero usamos casos empíricos concretos para motivar la discusión de los ciclos electorales en política fiscal. Luego presentamos una revisión teórica y econométrica de la literatura. Teóricamente, los ciclos se pueden interpretar en términos de un problema de inconsistencia temporal...

The links between subnational political budget cycles (PBCs) and the national government in federal countries have seldom been studied. We study the behavior of the budget balance, public expenditures, and revenues in Argentine provinces during the 1985–2001 period. We find that in election...

In Latin America there is ample evidence of exchange rate depreciations after elections. Hence, we turn to the behavior of international reserves over the 1980–2005 period to investigate if exchange rates are temporarily stabilized before elections. Using annual, quarterly, and monthly data to...