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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19057Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Malley, Jim | - |
| dc.creator | Philippopoulos, Apostolis | - |
| dc.creator | Woitek, Ulrich | - |
| dc.date | 2005 | - |
| dc.date.accessioned | 2013-10-16T07:02:39Z | - |
| dc.date.available | 2013-10-16T07:02:39Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19057 | - |
| dc.identifier | ppn:503749419 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19057 | - |
| dc.description | In this paper we study the link between elections, fiscal policy and aggregate fluctuations. The set-up is a stylized dynamic stochastic general equilibrium model incorporating both technology and political re-election shocks. The later are incorporated via a two-party model with elections. The main theoretical prediction is that forward-looking incumbents, with uncertain prospects of re-election, find it optimal to follow relatively shortsighted fiscal policies, and that this hurts capital accumulation. Our econometric estimation, using U.S. data, finds a statistically significant link between electoral uncertainty and policy instruments and in turn macroeconomic outcomes. | - |
| dc.language | eng | - |
| dc.publisher | - | |
| dc.relation | CESifo working papers 1593 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | E6 | - |
| dc.subject | D9 | - |
| dc.subject | H5 | - |
| dc.subject | H1 | - |
| dc.subject | ddc:330 | - |
| dc.subject | political uncertainty | - |
| dc.subject | business cycles & growth | - |
| dc.subject | optimal policy | - |
| dc.subject | hybrid maximum likelihood estimation | - |
| dc.subject | Wahlverhalten | - |
| dc.subject | Finanzpolitik | - |
| dc.subject | Politischer Konjunkturzyklus | - |
| dc.subject | Schätzung | - |
| dc.subject | Theorie | - |
| dc.subject | USA | - |
| dc.title | Electoral uncertainty, fiscal policy and macroeconomic fluctuations | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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