IDEAS home Printed from https://ideas.repec.org/p/zbw/i4rdps/204.html
   My bibliography  Save this paper

Electoral Cycles in Macroprudential Regulation - A Replication of Müller (2023)

Author

Listed:
  • Gáspár, Attila
  • Sandström, Alexandra
  • Watson, Taylor
  • Wochner, Timo

Abstract

Müller (2023) presents evidence for electoral cycles in macroprudential policy in a sample of 58 countries from 2000 through 2014. Consistent with theoretical arguments, the pattern of looser regulation is larger when election outcomes are uncertain and institutions are weak. In this replication, we first conduct a fully successful computational reproduction, using the provided replication package. We then subject the paper's main results to a series of robustness tests, involving measuring the dependent variable differently, bootstrapping standard errors, and applying different specifications of the main estimations. We also use new data, extending the covered time period, and re-examine the results. We find that the main results are robust to our robustness tests, but vanish using newer data. In an additional analysis, we provide suggestive evidence that the original results are based on rather limited variation in the dependent variable.

Suggested Citation

  • Gáspár, Attila & Sandström, Alexandra & Watson, Taylor & Wochner, Timo, 2025. "Electoral Cycles in Macroprudential Regulation - A Replication of Müller (2023)," I4R Discussion Paper Series 204, The Institute for Replication (I4R).
    • Handle: RePEc:zbw:i4rdps:204
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/311309/1/I4R-DP204.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    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:zbw:i4rdps:204. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://www.i4replication.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.