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https://hdl.handle.net/10419/19057
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Malley, Jim | en |
dc.contributor.author | Philippopoulos, Apostolis | en |
dc.contributor.author | Woitek, Ulrich | en |
dc.date.accessioned | 2009-01-28T15:54:45Z | - |
dc.date.available | 2009-01-28T15:54:45Z | - |
dc.date.issued | 2005 | - |
dc.identifier.uri | http://hdl.handle.net/10419/19057 | - |
dc.description.abstract | In this paper we study the link between elections, fiscal policy and aggregate fluctuations. Theset-up is a stylized dynamic stochastic general equilibrium model incorporating bothtechnology and political re-election shocks. The later are incorporated via a two-party modelwith elections. The main theoretical prediction is that forward-looking incumbents, withuncertain prospects of re-election, find it optimal to follow relatively shortsighted fiscalpolicies, and that this hurts capital accumulation. Our econometric estimation, using U.S.data, finds a statistically significant link between electoral uncertainty and policy instrumentsand in turn macroeconomic outcomes. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1593 | en |
dc.subject.jel | E6 | en |
dc.subject.jel | D9 | en |
dc.subject.jel | H5 | en |
dc.subject.jel | H1 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | political uncertainty | en |
dc.subject.keyword | business cycles & growth | en |
dc.subject.keyword | optimal policy | en |
dc.subject.keyword | hybrid maximum likelihood estimation | en |
dc.subject.stw | Wahlverhalten | en |
dc.subject.stw | Finanzpolitik | en |
dc.subject.stw | Politischer Konjunkturzyklus | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | USA | en |
dc.title | Electoral uncertainty, fiscal policy and macroeconomic fluctuations | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 503749419 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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