taxes). It thus represents an extension of traditional political budget-cycle analyses assessing the impact of elections on …

economies, previous political cycle models had overlooked the influence of elections on the behavior of exchange rates. Voter …

This paper investigates the impact of elections on the level and composition of fiscal instruments using a sample of 19 … find that elections shift public spending towards current and away from capital expenditures. Moreover, although we find no … evidence for an electoral cycle for government deficit and expenditures, we do find a negative effect of elections on revenue …

does not affect re-election prospects. We also find that voters punish politicians who create deficits during elections …

the run-up to elections, in order to increase the electoral chances of the party in office. By concentrating on the closed … economy, previous political cycle models had overlooked the influence of elections on the behavior of exchange rates. We … incompetent, opportunistic incumbent delays a devaluation until after elections, mimicking a competent incumbent, while the …