Showing 1 - 10 of 11
This paper explores whether professional macroeconomic forecasters manipulate their forecasts to influence voting outcomes. We model a referendum in which a voter chooses between two policies. The voter relies on a forecaster to learn about the macroeconomic consequences of the policies. The...
Persistent link: https://www.econbiz.de/10015047269
This paper documents the existence of Political Forecast Cycles. In a theoretical model of political selection, we show that governments release overly optimistic GDP growth forecasts ahead of elections to increase the reelection probability. The bias arises from lack of commitment if voters are...
Persistent link: https://www.econbiz.de/10012582151
This paper documents the existence of Political Forecast Cycles. In a theoretical model of political selection, we show that governments release overly optimistic GDP growth forecasts ahead of elections to increase the reelection probability. The bias arises from lack of commitment if voters are...
Persistent link: https://www.econbiz.de/10013226657
We study how partisan alignment across levels of government affects coalition formation and government stability using a regression discontinuity design and a large dataset of Spanish municipal elections. We document a positive effect of alignment on both government formation and stability....
Persistent link: https://www.econbiz.de/10013470306
This paper investigates how direct election regimes (à la presidential democracy) affect the selection of women into political offices compared to indirect appointment (à la parliamentary). Exploiting the staggered phase-in across Italian municipalities of a reform to the local institutional...
Persistent link: https://www.econbiz.de/10014290139
This paper studies how political fragmentation affects government stability. We show that each additional party with representation in Parliament increases the probability that the incumbent government is unseated by 4 percentage points. Governments with more resources at their disposal for...
Persistent link: https://www.econbiz.de/10012207969
This paper investigates the impact of voter support on the representation of women in the political profession. The empirical analysis exploits two-stage elections in the United States and Italy to hold the selection of candidates constant. In two-stage elections, candidates are admitted to the...
Persistent link: https://www.econbiz.de/10012582138
This paper investigates the impact of voter support on the representation of women in the political profession. The empirical analysis exploits two-stage elections in the United States and Italy to hold the selection of candidates constant. In two-stage elections, candidates are admitted to the...
Persistent link: https://www.econbiz.de/10013227610
This paper studies how political fragmentation affects government stability. We show that each additional party with representation in Parliament increases the probability that the incumbent government is unseated by 4 percentage points. Governments with more resources at their disposal for...
Persistent link: https://www.econbiz.de/10012837474
Analyzing U.S. House elections (2002-2010), measures of legislators' effectiveness, and exogenous increases in Chinese import competition, we document a conditional relationship between legislative effectiveness and electoral success. In districts ex-posed to large trade shocks, incumbent...
Persistent link: https://www.econbiz.de/10015398799