The Political Budget Cycle is Where You Can't See It: Transparency and Fiscal Manipulation
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Brender, Adi & Drazen, Allan, 2005.
"Political budget cycles in new versus established democracies,"
Journal of Monetary Economics, Elsevier, vol. 52(7), pages 1271-1295, October.
- Adi Brender & Allan Drazen, 2004. "Political Budget Cycles in New versus Established Democracies," NBER Working Papers 10539, National Bureau of Economic Research, Inc.
- Adi Brender & Allan Drazen, 2005. "Political Budget Cycles in New versus Established Democracies," Bank of Israel Working Papers 2005.04, Bank of Israel.
- Alejandro Saporiti & Jorge Streb, 2008.
"Separation of powers and political budget cycles,"
Public Choice, Springer, vol. 137(1), pages 329-345, October.
- Jorge M. Streb & Alejandro Saporiti, 2003. "Separation of Powers and Political Budget Cycles," CEMA Working Papers: Serie Documentos de Trabajo. 251, Universidad del CEMA.
- Timothy Besley & Anne Case, 2003.
"Political Institutions and Policy Choices: Evidence from the United States,"
Journal of Economic Literature, American Economic Association, vol. 41(1), pages 7-73, March.
- Besley, Tim & Case, Anne, 2002. "Political Institutions and Policy Choices: Evidence from the United States," CEPR Discussion Papers 3498, C.E.P.R. Discussion Papers.
- Tim Besley, 2002. "Political institutions and policy choices: evidence from the United States," IFS Working Papers W02/13, Institute for Fiscal Studies.
- von Hagen, Jurgen & Wolff, Guntram B., 2006.
"What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU,"
Journal of Banking & Finance, Elsevier, vol. 30(12), pages 3259-3279, December.
- von Hagen, Jürgen & Wolff, Guntram B., 2004. "What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU," Discussion Paper Series 1: Economic Studies 2004,38, Deutsche Bundesbank.
- von Hagen, Jurgen & Wolff, Guntram B., 2004. "What Do Deficits Tell us About Debts? Empirical Evidence on Creative Accounting with Fiscal Rules in the EU," CEPR Discussion Papers 4759, C.E.P.R. Discussion Papers.
- Hagen, Jürgen von & Wolff, Guntram B., 2006. "What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 148, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Akhmed Akhmedov & Ekaterina Zhuravskaya, 2004.
"Opportunistic Political Cycles: Test in a Young Democracy Setting,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(4), pages 1301-1338.
- Akhmed Akhmedov & Ekaterina Zhuravskaya, 2003. "Opportunistic Political Cycles: Test in a Young Democracy Setting," Working Papers w0024, Center for Economic and Financial Research (CEFIR).
- Akhmed Akhmedov & Ekaterina Zhuravskaya, 2004. "Opportunistic Political Cycles: Test in a Young Democracy Setting," Economics Working Papers 0047, Institute for Advanced Study, School of Social Science.
- Akhmed Akhmedov & Ekaterina Zhuravskaya, 2003. "Opportunistic Political Cycles: Test in a Young Democracy Setting," Working Papers w0024, New Economic School (NES).
- Clark, William Roberts & Hallerberg, Mark, 2000. "Mobile Capital, Domestic Institutions, and Electorally Induced Monetary and Fiscal Policy," American Political Science Review, Cambridge University Press, vol. 94(2), pages 323-346, June.
- Sam Peltzman, 1992. "Voters as Fiscal Conservatives," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 327-361.
- Persson, Torsten & Tabellini, Guido, 1999.
"Political economics and macroeconomic policy,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 22, pages 1397-1482,
Elsevier.
- Torsten Persson & Guido Tabellini, "undated". "Political Economics and Macroeconomic Policy," Working Papers 121, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Persson, T. & Tabellini, G., 1997. "Political Economics and Macroeconomic Policy," Papers 630, Stockholm - International Economic Studies.
- Torsten Persson & Guido Tabellini, 1997. "Political Economics and Macroeconomic Policy," NBER Working Papers 6329, National Bureau of Economic Research, Inc.
- Persson, Torsten & Tabellini , Guido, 1997. "Political Economics and Macroeconomic Policy," Seminar Papers 630, Stockholm University, Institute for International Economic Studies.
- Persson, Torsten & Tabellini, Guido, 1997. "Political Economics and Macroeconomic Policy," CEPR Discussion Papers 1759, C.E.P.R. Discussion Papers.
- Alberto Alesina & Nouriel Roubini & Gerald D. Cohen, 1997. "Political Cycles and the Macroeconomy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262510944, December.
- Khemani, Stuti, 2004.
"Political cycles in a developing economy: effect of elections in the Indian States,"
Journal of Development Economics, Elsevier, vol. 73(1), pages 125-154, February.
- Khemani,Stuti, 2000. "Political cycles in a developing economy - effect of elections in Indian States," Policy Research Working Paper Series 2454, The World Bank.
- Jorge M. Streb & Daniel Lema & Gustavo Torrens, 2009.
"Checks and Balances on Political Budget Cycles: Cross‐Country Evidence,"
Kyklos, Wiley Blackwell, vol. 62(3), pages 426-447, August.
- Jorge Streb & Daniel Lema & Gustavo Torrens, 2005. "Discretional political budget cycles and separation of powers," CEMA Working Papers: Serie Documentos de Trabajo. 286, Universidad del CEMA.
- Susanne Lohmann, 1998. "Rationalizing the Political Business Cycle: A Workhorse Model," Economics and Politics, Wiley Blackwell, vol. 10(1), pages 1-17, March.
- Manuel Arellano & Stephen Bond, 1991.
"Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
- Tom Doan, "undated". "RATS program to replicate Arellano-Bond 1991 dynamic panel," Statistical Software Components RTZ00169, Boston College Department of Economics.
- Robert C. Lowry, 2001. "A Visible Hand? Bond Markets, Political Parties, Balanced Budget Laws, and State Government Debt," Economics and Politics, Wiley Blackwell, vol. 13(1), pages 49-72, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Mark Mink & Jakob de Haan & Jakob de Haan, 2005. "Has the Stability and Growth Pact Impeded Political Budget Cycles in the European Union?," CESifo Working Paper Series 1532, CESifo.
- Roel M.W.J. Beetsma & Frederick van der Ploeg, 2007. "Partisan Public Investment and Debt: The Case for Fiscal Restrictions," Economics Working Papers ECO2007/37, European University Institute.
- van der Ploeg, Frederick & Beetsma, Roel, 2007.
"The Political Economy of Public Investment,"
CEPR Discussion Papers
6090, C.E.P.R. Discussion Papers.
- Roel M.W.J.Beetsma & Frederick van der Ploeg, 2007. "The political economy of public investment," European Economy - Economic Papers 2008 - 2015 276, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Marko Klašnja, 2008. "Electoral Rules, Forms of Government, and Political Budget Cycles in Transition Countries," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(2), pages 185-218, June.
- Yves M. Tehou TEKENG & Mesbah Fathy SHARAF, 2015.
"Fiscal Transparency, Measurement and Determinants: Evidence from 27 Developing Countries,"
Journal of Economics and Political Economy, KSP Journals, vol. 2(1), pages 69-91, March.
- Tehou Tekeng, Yves & Sharaf, Mesbah, 2015. "Fiscal Transparency, Measurement and Determinants: Evidence from 27 Developing Countries," Working Papers 2015-2, University of Alberta, Department of Economics.
- Marco Buti & João Nogueira Martins & Alessandro Turrini, 2007.
"From Deficits to Debt and Back: Political Incentives under Numerical Fiscal Rules,"
CESifo Economic Studies, CESifo Group, vol. 53(1), pages 115-152, March.
- Turrini, Alessandro & Buti, Marco & ,, 2006. "From Deficits to Debt and Back: Political Incentives under Numerical Fiscal Rules," CEPR Discussion Papers 5809, C.E.P.R. Discussion Papers.
- José Antonio Pena Ramos & César Vargas Díaz & Iván Medina Iborra, 2012. "Difusión y comparabilidad de la información económico -financiera on -line : el caso de Iberoamérica," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, June.
- Meloni, Osvaldo, 2011. "Budget Manipulation and Vertical Fiscal Imbalance," MPRA Paper 50694, University Library of Munich, Germany.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jorge M. Streb & Daniel Lema & Gustavo Torrens, 2009.
"Checks and Balances on Political Budget Cycles: Cross‐Country Evidence,"
Kyklos, Wiley Blackwell, vol. 62(3), pages 426-447, August.
- Jorge Streb & Daniel Lema & Gustavo Torrens, 2005. "Discretional political budget cycles and separation of powers," CEMA Working Papers: Serie Documentos de Trabajo. 286, Universidad del CEMA.
- Eric Dubois, 2016. "Political Business Cycles 40 Years after Nordhaus," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01291401, HAL.
- Eric Dubois, 2016. "Political business cycles 40 years after Nordhaus," Public Choice, Springer, vol. 166(1), pages 235-259, January.
- Daniel Lema & Jorge M. Streb, 2013. "Ciclos electorales en política fiscal," CEMA Working Papers: Serie Documentos de Trabajo. 514, Universidad del CEMA.
- Eric Dubois, 2016. "Political Business Cycles 40 Years after Nordhaus," Post-Print hal-01291401, HAL.
- Troeger, Vera & Schneider, Christina J., 2012. "Strategic Budgeteering and Debt Allocation," CAGE Online Working Paper Series 85, Competitive Advantage in the Global Economy (CAGE).
- Jorge M. Streb & Daniel Lema & Pablo Garofalo, 2012.
"Temporal aggregation in political budget cycles,"
Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2012), pages 39-78, August.
- Jorge M. Streb & Daniel Lema, 2009. "Temporal aggregation in political budget cycles," CEMA Working Papers: Serie Documentos de Trabajo. 403, Universidad del CEMA.
- Streb, Jorge M. & Lema, Daniel & Garofalo, Pablo, 2012. "Temporal aggregation in political budget cycles," LSE Research Online Documents on Economics 123247, London School of Economics and Political Science, LSE Library.
- Jorge Streb & Gustavo Torrens, 2013.
"Making rules credible: divided government and political budget cycles,"
Public Choice, Springer, vol. 156(3), pages 703-722, September.
- Jorge M. Streb & Gustavo F. Torrens, 2009. "Making rules credible: Divided government and political budget cycles," CEMA Working Papers: Serie Documentos de Trabajo. 395, Universidad del CEMA.
- Pantelis Kammas & Vassilis Sarantides, 2016.
"Fiscal redistribution around elections when democracy is not “the only game in town”,"
Public Choice, Springer, vol. 168(3), pages 279-311, September.
- Pantelis Kammas & Vassilis Sarantides, 2015. "Fiscal redistribution around elections when democracy is not “the only game in town”," Working Papers 2015019, The University of Sheffield, Department of Economics.
- de Haan, Jakob & Ohnsorge, Franziska & Yu, Shu, 2023.
"Election-induced fiscal policy cycles in emerging market and developing economies,"
MPRA Paper
119551, University Library of Munich, Germany.
- Jakob de Haan & Franziska Ohnsorge & Shu Yu, 2023. "Election-Induced Fiscal Policy Cycles in Emerging Market and Developing Economies," CESifo Working Paper Series 10868, CESifo.
- De Haan, Jakob & Ohnsorge, Franziska & Yu, Shu, 2023. "Election-induced fiscal policy cycles in emerging market and developing economies," CEPR Discussion Papers 18708, C.E.P.R. Discussion Papers.
- Jakob de Haan & Franziska Ohnsorge & Shu Yu, 2024. "Election-Induced Fiscal Policy Cycles in Emerging Market and Developing Economies," CAMA Working Papers 2024-01, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Bostashvili, David & Ujhelyi, Gergely, 2019. "Political budget cycles and the civil service: Evidence from highway spending in US states," Journal of Public Economics, Elsevier, vol. 175(C), pages 17-28.
- Margarita Katsimi & Vassilis Sarantides, 2012. "Do elections affect the composition of fiscal policy in developed, established democracies?," Public Choice, Springer, vol. 151(1), pages 325-362, April.
- Jakob Haan & Jeroen Klomp, 2013. "Conditional political budget cycles: a review of recent evidence," Public Choice, Springer, vol. 157(3), pages 387-410, December.
- Niklas Potrafke, 2006. "Political Effects on the Allocation of Public Expenditures: Empirical Evidence from OECD Countries," Discussion Papers of DIW Berlin 653, DIW Berlin, German Institute for Economic Research.
- Hanusch, Marek & Keefer, Philip, 2014. "Younger parties, bigger spenders? Party age and political budget cycles," European Economic Review, Elsevier, vol. 72(C), pages 1-18.
- Lamar Crombach & Frank Bohn, 2024. "Uninformed voters with (im)precise expectations: Explaining political budget cycle puzzles," Economics and Politics, Wiley Blackwell, vol. 36(1), pages 275-311, March.
- Vergne, Clémence, 2009.
"Democracy, elections and allocation of public expenditures in developing countries,"
European Journal of Political Economy, Elsevier, vol. 25(1), pages 63-77, March.
- Clémence VERGNE, 2006. "Democracy, Elections and Allocation of Public Expenditure in Developing Countries," Working Papers 200608, CERDI.
- Clémence Vergne, 2011. "Democracy, Elections and Allocation of Public Expenditure in Developing Countries," Working Papers halshs-00564572, HAL.
- Dilla, Diana, 2017. "Staatsverschuldung und Verschuldungsmentalität [Public Debt and Debt Mentality]," MPRA Paper 79432, University Library of Munich, Germany.
- Aidt, Toke S. & Mooney, Graham, 2014.
"Voting suffrage and the political budget cycle: Evidence from the London Metropolitan Boroughs 1902–1937,"
Journal of Public Economics, Elsevier, vol. 112(C), pages 53-71.
- Toke Aidt & Graham Mooney, 2014. "Voting Suffrage and the Political Budget Cycle: Evidence from the London Metropolitan Boroughs 1902-1937," CESifo Working Paper Series 4614, CESifo.
- Antoine Cazals & Pierre Mandon, 2015. "Political Budget Cycles: Manipulation of Leaders or Bias from Research? A Meta-Regression Analysis," CERDI Working papers halshs-01238883, HAL.
More about this item
Keywords
fiscal transparency; political polarization; fiscal policy; budget deficits; political budget cycles; electoral policy cycles;All these keywords.
JEL classification:
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2005-04-16 (Macroeconomics)
- NEP-POL-2005-04-16 (Positive Political Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kud:epruwp:05-03. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Hoffmann (email available below). General contact details of provider: https://edirc.repec.org/data/epcbsdk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.