create a website

The “Benefits” of being small: Loose fiscal policy in the European Monetary Union. (2024). Sturm, Jan-Egbert ; Crombach, Lamar ; Bohn, Frank.
In: Journal of Public Economics.
RePEc:eee:pubeco:v:234:y:2024:i:c:s0047272724000562.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 54

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Aidt, T.S. ; Veiga, F.J. ; Veiga, L.G. Election results and opportunistic policies: A new test of the rational political business cycle model. 2011 Public Choice. 148 21-44

  2. Akhmedov, A. ; Zhuravskaya, E. Opportunistic political cycles: Test in a young democracy setting. 2004 Q. J. Econ.. 119 1301-1338

  3. Alt, J.E. ; Lassen, D.D. Transparency, political polarization, and political budget cycles in OECD countries. 2006 Am. J. Political Sci.. 50 530-550

  4. Alt, J.E. ; Rose, S.S. Context-conditional political budget cycles. 2009 En : Oxford Handbook of Comparative Politics. Oxford Academic:
    Paper not yet in RePEc: Add citation now
  5. Amendola, A. ; Di Serio, M. ; Fragetta, M. ; Melina, G. The euro-area government spending multiplier at the effective lower bound. 2020 Eur. Econ. Rev.. 127 -

  6. Anderes, M. ; Rathke, A. ; Streicher, S. ; Sturm, J.-E. The role of ECB communication in guiding markets. 2021 Public Choice. 186 351-383

  7. Batini, N. ; Nelson, E. The lag from monetary policy actions to inflation: Friedman revisited. 2001 Int. Finance. 4 381-400

  8. Beetsma, R.M.W.J. ; Bovenberg, A.L. The optimality of a monetary union without a fiscal union. 2001 J. Money Credit Bank.. 33 179-204

  9. Black, F. Interest rates as options. 1995 J. Finance. 50 1371-1376

  10. Blanchard, O. ; Gali, J. Real wage rigidities and the New Keynesian model. 2005 J. Money Credit Bank.. 39 35-65

  11. Bletzinger, T. ; Wieland, V. Lower for longer: The case of the ECB. 2017 Econom. Lett.. 159 123-127

  12. Bodea, C. ; Higashijima, M. Central bank independence and fiscal policy: Can the central bank restrain deficit spending?. 2017 Br. J. Political Sci.. 47 47-70

  13. Bohn, F. Grand corruption instead of commitment? Reconsidering time-inconsistency of monetary policy. 2013 J. Int. Money Finance. 32 478-490

  14. Bohn, F. Political budget cycles, incumbency advantage, and propaganda. 2019 Econ. Politics. 31 43-70

  15. Bohn, F. ; Sturm, J.-E. Do expected downturns kill political budget cycles?. 2021 Rev. Int. Organ.. 16 817-841

  16. Bohn, F. ; Veiga, F.J. Elections, recession expectations and excessive debt: An unholy trinity. 2019 Public Choice. 180 429-449

  17. Bohn, F. ; Veiga, F.J. Political forecast cycles. 2021 Eur. J. Political Econ.. 66 -

  18. Brender, A. ; Drazen, A. Political budget cycles in new versus established democracies. 2005 J. Monetary Econ.. 52 1271-1295

  19. Checherita-Westphal, C. ; Hallett, A.H. ; Rother, P. Fiscal sustainability usinggrowth-maximizing debt targets. 2014 Appl. Econ.. 46 638-647

  20. Crombach, L. ; Bohn, F. Uninformed voters with (im)precise expectations: Explaining political budget cycle (PBC) puzzles. 2024 Econ. Politics. 36 275-311
    Paper not yet in RePEc: Add citation now
  21. de Haan, J. ; Sturm, J.-E. The case for the central bank independence. 1992 Banca Nazionale del Lavoro Q. Rev.. 45 305-327

  22. Demertzis, M. ; Hallett, A.H. ; Viegi, N. An independent central bank faced with elected governments. 2004 Eur. J. Political Econ.. 20 907-922

  23. Dixit, A. ; Lambertini, L. Interactions of commitment and discretion in monetary and fiscal policies. 2003 Amer. Econ. Rev.. 93 1522-1542

  24. Drazen, A. The political business cycle after 25 years. 2000 NBER Macroecon. Ann.. 15 75-117
    Paper not yet in RePEc: Add citation now
  25. Fragetta, M. ; Kirsanova, T. Strategic monetary and fiscal policy interactions: An empirical investigation. 2010 Eur. Econ. Rev.. 21 532-564

  26. Gootjes, B. ; de Haan, J. ; Jong-A-Pin, R. Do fiscal rules constrain political budget cycles?. 2021 Public Choice. 188 1-30

  27. Gorter, J. ; Jacobs, J. ; de Haan, J. Taylor rules using expectations data. 2008 Scand. J. Econ.. 110 473-488

  28. Haga, M. On central bank independence and political cycles. 2015 J. Appl. Econ.. 18 267-295

  29. Hartmann, P. ; Smets, F. The first twenty years of the European central bank: Monetary policy. 2018 :

  30. Hellerstein, R. Is there a dead spot? New evidence on FOMC decisions before elections. 2007 J. Money Credit Bank.. 39 1411-1427

  31. Holston, K. ; Laubach, T. ; Williams, J. Measuring the natural rate of interest: International trends and determinants. 2017 J. Int. Econ.. 108 S59-S76

  32. Janku, J. ; Libich, J. Ignorance isn’t bliss: Uninformed voters drive budget cycles. 2019 J. Public Econ.. 173 21-43

  33. Jarociński, M. ; Lenza, M. An inflation-predicting measure of the output gap in the euro area. 2018 J. Money Credit Bank.. 50 1189-1224

  34. Kiviet, J.F. On bias, inconsistency, and efficiency of various estimators in dynamic panel data models. 1995 J. Econometrics. 68 53-78

  35. Klomp, J. ; De Haan, J. Political budget cycles and election outcomes. 2013 Public Choice. 157 245-267

  36. Klose, J. Estimated monetary policy rules for the ECB with granular variations of forecast horizons for inflation and output. 2023 Econ. Model.. 127 -

  37. Nickell, S. Biases in dynamic models with fixed effects. 1981 Econometrica. 49 1417-1426

  38. Orphanides, A. ; Wieland, V. Complexity and monetary policy. 2013 Int. J. Central Bank.. 9 167-204

  39. Persson, T. ; Tabellini, G.E. Do Electoral Cycles Differ Across Political Systems?. 2003 Innocenzo Gasparini Institute for Economic Research:

  40. Philips, A.Q. Seeing the forest through the trees: A meta-analysis of political budget cycles. 2016 Public Choice. 168 313-341

  41. Poutineau, J.C. Une introduction simple à la nouvelle macroéconomie ouverte. 2020 Revue Française D’écon.. 35 3-50

  42. Roodman, D. A note on the theme of too many instruments. 2009 Oxford Bull. Econ. Stat.. 71 135-158

  43. Rühl, T. Taylor rules revisited: ECB and Bundesbank in comparison. 2015 Empir. Econ.. 48 951-967
    Paper not yet in RePEc: Add citation now
  44. Sacher, M. Avoiding the inappropriate: The European commission and sanctions under the stability and growth pact. 2021 Politics Governance. 9 -

  45. Sauer, S. ; Sturm, J.-E. Using taylor rules to understand European central bank monetary policy. 2007 Ger. Econ. Rev.. 8 375-398

  46. Scartascini, C. ; Cruz, C. ; Keefer, P. The Database of Political Institutions 2020 (DPI2020). 2021 Inter-American Development Bank:
    Paper not yet in RePEc: Add citation now
  47. Schuknecht, L. Political business cycles and monetary policies in developing countries. 1996 Kyklos. 49 155-170

  48. Shi, M. ; Svensson, J. Political budget cycles: Do they differ across countries and why?. 2006 J. Public Econ.. 90 1367-1389

  49. Streb, J.M. ; Lema, D. ; Torrens, G. Checks and balances on political budget cycles: Cross-country evidence. 2009 Kyklos. 62 426-447

  50. Sturm, J.-E. ; de Haan, J. Does central bank communication really lead to better forecasts of policy decisions? New evidence based on a Taylor rule model for the ECB. 2011 Rev. World Econ.. 147 41-58

  51. Svensson, L.E.O. What is wrong with Taylor rules? Using judgment in monetary policy through targeting rules. 2003 J. Econ. Lit.. 41 427-477

  52. Veiga, F.J. ; Veiga, L.G. ; Morozumi, A. Political budget cycles and media freedom. 2017 Electoral Stud.. 45 88-99
    Paper not yet in RePEc: Add citation now
  53. Wu, J.C. ; Xia, F.D. Negative interest rate policy and the yield curve. 2020 J. Appl. Econometrics. 35 653-672

  54. Wu, J.C. ; Xia, F.D. Time-varying lower bound of interest rates in europe. 2017 University of Chicago:
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. Political Business Cycles 40 Years after Nordhaus. (2016). Dubois, Eric.
    In: Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers).
    RePEc:hal:cesptp:hal-01291401.

    Full description at Econpapers || Download paper

  2. Revenue decentralization, central oversight and the political budget cycle: Evidence from Israel. (2016). Reingewertz, Yaniv ; Brender, Adi ; Baskaran, Thushyanthan ; Blesse, Sebastian.
    In: European Journal of Political Economy.
    RePEc:eee:poleco:v:42:y:2016:i:c:p:1-16.

    Full description at Econpapers || Download paper

  3. Revenue decentralization, central oversight and the political budget cycle: Evidence from Israel. (2015). Reingewertz, Yaniv ; Brender, Adi ; Blesse, Sebastian ; Baskaran, Thushyanthan.
    In: ZEW Discussion Papers.
    RePEc:zbw:zewdip:15046.

    Full description at Econpapers || Download paper

  4. Vote buying or (political) business (cycles) as usual?. (2015). Heinemann, Friedrich ; Asatryan, Zareh ; Aidt, Toke ; Badalyan, Lusine.
    In: ZEW Discussion Papers.
    RePEc:zbw:zewdip:15017.

    Full description at Econpapers || Download paper

  5. Measuring Political Budget Cycles: A Bayesian Semiparametric Assessment. (2015). Tanaka, Masahiro.
    In: Working Papers.
    RePEc:wap:wpaper:1415.

    Full description at Econpapers || Download paper

  6. Waiting for election season. (2015). Pervez, Fouad .
    In: The Review of International Organizations.
    RePEc:spr:revint:v:10:y:2015:i:2:p:265-303.

    Full description at Econpapers || Download paper

  7. Political budget cycles and media freedom. (2015). Veiga, Linda ; Morozumi, Atsuyoshi.
    In: Discussion Papers.
    RePEc:not:notcfc:15/14.

    Full description at Econpapers || Download paper

  8. Economic Fluctuations and Fiscal Policy in Europe: A Political Business Cycles Approach Using Panel Data and Clustering (1996–2013). (2015). Tsionas, Mike ; Papageorgiou, Theofanis ; Michaelides, Panayotis ; Konstantakis, Konstantinos.
    In: Open Economies Review.
    RePEc:kap:openec:v:26:y:2015:i:5:p:971-998.

    Full description at Econpapers || Download paper

  9. Local Political Budget Cycles in a Federation: Evidence from West German Cities. (2015). Kis-Katos, Krisztina ; Furdas, Marina ; Homolkova, Katerina.
    In: IZA Discussion Papers.
    RePEc:iza:izadps:dp8798.

    Full description at Econpapers || Download paper

  10. Overlapping political budget cycles in the legislative and the executive. (2015). Yeter, Mustafa ; Foremny, Dirk ; Freier, Ronny ; Moessinger, Marc-Daniel.
    In: Working Papers.
    RePEc:ieb:wpaper:2013/6/doc2015-01.

    Full description at Econpapers || Download paper

  11. Politicians as experts, electoral control, and fiscal restraints. (2015). Wigger, Berthold ; Dulleck, Uwe.
    In: Journal of Public Economics.
    RePEc:eee:pubeco:v:121:y:2015:i:c:p:106-116.

    Full description at Econpapers || Download paper

  12. Hyperbolic memory discounting and the political business cycle. (2015). Findley, T. Scott.
    In: European Journal of Political Economy.
    RePEc:eee:poleco:v:40:y:2015:i:pb:p:345-359.

    Full description at Econpapers || Download paper

  13. Term limits and political budget cycles at the local level: evidence from a young democracy. (2015). Sakurai, Sergio ; Klein, Fabio Alvim .
    In: European Journal of Political Economy.
    RePEc:eee:poleco:v:37:y:2015:i:c:p:21-36.

    Full description at Econpapers || Download paper

  14. Wahlkampf auf Gemeindekosten: Politische Budgetzyklen in sächsischen Gemeinden. (2015). Markwardt, Gunther ; Kluge, Jan.
    In: ifo Dresden berichtet.
    RePEc:ces:ifodre:v:22:y:2015:i:05:p:17-24.

    Full description at Econpapers || Download paper

  15. Hyperbolic Memory Discounting and the Political Business Cycle. (2015). Findley, T. Scott.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_5556.

    Full description at Econpapers || Download paper

  16. Self-preserving Leviathans - Evidence from Regional-level Data. (2015). Thater, Christian ; Markwardt, Gunther ; Kluge, Jan.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_5177.

    Full description at Econpapers || Download paper

  17. Political Risk, Information and Corruption Cycles: Evidence from Russian Regions. (2015). Vorobyev, Dmitriy ; Sidorkin, Oleg.
    In: CERGE-EI Working Papers.
    RePEc:cer:papers:wp539.

    Full description at Econpapers || Download paper

  18. Budget Forecast Deviations in Municipal Governments: Determinants and Implications. (2015). Benito, Bernardino ; Guillamon, Maria-Dolores ; Bastida, Francisco.
    In: Australian Accounting Review.
    RePEc:bla:ausact:v:25:y:2015:i:1:p:45-70.

    Full description at Econpapers || Download paper

  19. Overlapping political budget cycles in the legislative and the executive. (2014). Yeter, Mustafa ; Foremny, Dirk ; Moessinger, Marc-Daniel ; Freier, Ronny.
    In: ZEW Discussion Papers.
    RePEc:zbw:zewdip:14099.

    Full description at Econpapers || Download paper

  20. The Dual Political Legislation Cycle in France. (2014). Padovano, Fabio ; Gavoille, Nicolas.
    In: Economics Working Paper from Condorcet Center for political Economy at CREM-CNRS.
    RePEc:tut:cccrwp:2013-02-ccr.

    Full description at Econpapers || Download paper

  21. Electoral effects on the composition of public spending and revenue: evidence from a large panel of countries. (2014). Veiga, Linda ; Morozumi, Atsuyoshi.
    In: Discussion Papers.
    RePEc:not:notcfc:14/16.

    Full description at Econpapers || Download paper

  22. Electoral effects on the composition of public spending and revenue: evidence from a large panel of countries. (2014). Veiga, Linda ; Morozumi, Atsuyoshi.
    In: NIPE Working Papers.
    RePEc:nip:nipewp:23/2014.

    Full description at Econpapers || Download paper

  23. Last minute policies and the incumbency advantage. (2014). Manzoni, Elena ; Penczynski, Stefan.
    In: Working Papers.
    RePEc:mnh:wpaper:37189.

    Full description at Econpapers || Download paper

  24. Appointed Versus Elected Mayors and Incentives to Pork-Barrel: Quasi-Experimental Evidence from Germany. (2014). Hessami, Zohal.
    In: Working Paper Series of the Department of Economics, University of Konstanz.
    RePEc:knz:dpteco:1423.

    Full description at Econpapers || Download paper

  25. It’s not me, it’s you: the functioning of Wall Street during the 2008 economic downturn. (2014). Stringham, Edward.
    In: Public Choice.
    RePEc:kap:pubcho:v:161:y:2014:i:3:p:269-288.

    Full description at Econpapers || Download paper

  26. Popularity, polarization, and political budget cycles. (2014). Hanusch, Marek ; Magleby, Daniel .
    In: Public Choice.
    RePEc:kap:pubcho:v:159:y:2014:i:3:p:457-467.

    Full description at Econpapers || Download paper

  27. Are political support-driven policies always bad? The case of large interest groups. (2014). Lagadec, Gael.
    In: European Journal of Government and Economics.
    RePEc:egr:ejge00:v:3:i:2:p:138-147.

    Full description at Econpapers || Download paper

  28. No news is costly news: The link between the diffusion of the press and public spending. (2014). Petrarca, Ilaria.
    In: European Journal of Political Economy.
    RePEc:eee:poleco:v:34:y:2014:i:c:p:68-85.

    Full description at Econpapers || Download paper

  29. Are the responsibility and yardstick competition hypotheses mutually consistent?. (2014). Petrarca, Ilaria ; Padovano, Fabio.
    In: European Journal of Political Economy.
    RePEc:eee:poleco:v:34:y:2014:i:c:p:459-477.

    Full description at Econpapers || Download paper

  30. Are elections debt brakes? Evidence from French municipalities. (2014). Farvaque, Etienne ; Cassette, Aurélie.
    In: Economics Letters.
    RePEc:eee:ecolet:v:122:y:2014:i:2:p:314-316.

    Full description at Econpapers || Download paper

  31. Overlapping Political Budget Cycles in the Legislative and the Executive. (2014). Yeter, Mustafa ; Foremny, Dirk ; Freier, Ronny ; Moessinger, Marc-Daniel.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp1429.

    Full description at Econpapers || Download paper

  32. Voting Suffrage and the Political Budget Cycle: Evidence from the London Metropolitan Boroughs 1902-1937. (2014). Aidt, Toke ; Mooney, Graham.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_4614.

    Full description at Econpapers || Download paper

  33. Voter suffrage and the political budget cycle: evidence from the London Metropolitan Boroughs 1902-1937. (2014). Aidt, Toke ; Mooney, Graham.
    In: Cambridge Working Papers in Economics.
    RePEc:cam:camdae:1401.

    Full description at Econpapers || Download paper

  34. No news is costly news: the link between the diffusion of the press and public spending. (2013). Petrarca, Ilaria.
    In: Working Papers.
    RePEc:ver:wpaper:16/2013.

    Full description at Econpapers || Download paper

  35. Are Elections Debt Brakes? Evidence from French Municipalities. (2013). Farvaque, Etienne ; Cassette, Aurélie ; Caseette, Aurelie .
    In: MPRA Paper.
    RePEc:pra:mprapa:48808.

    Full description at Econpapers || Download paper

  36. Voting functions in the EU-15. (2013). Veiga, Linda.
    In: Public Choice.
    RePEc:kap:pubcho:v:157:y:2013:i:3:p:411-428.

    Full description at Econpapers || Download paper

  37. Conditional political budget cycles: a review of recent evidence. (2013). de Haan, Jakob ; Klomp, Jeroen.
    In: Public Choice.
    RePEc:kap:pubcho:v:157:y:2013:i:3:p:387-410.

    Full description at Econpapers || Download paper

  38. Do re-election probabilities influence public investment?. (2013). Natvik, Gisle ; Fiva, Jon.
    In: Public Choice.
    RePEc:kap:pubcho:v:157:y:2013:i:1:p:305-331.

    Full description at Econpapers || Download paper

  39. Political budget cycles and election outcomes. (2013). Klomp, Jeroen ; Haan, Jakob.
    In: Public Choice.
    RePEc:kap:pubcho:v:157:y:2013:i:1:p:245-267.

    Full description at Econpapers || Download paper

  40. Are we witnessing a paradigm shift in the analysis of political competition?. (2013). Padovano, Fabio.
    In: Public Choice.
    RePEc:kap:pubcho:v:156:y:2013:i:3:p:631-651.

    Full description at Econpapers || Download paper

  41. Two-round elections, one-round determinants? Evidence from the French municipal elections. (2013). Héricourt, Jérôme ; Farvaque, Etienne ; Cassette, Aurélie ; Hericourt, Jerome.
    In: Public Choice.
    RePEc:kap:pubcho:v:156:y:2013:i:3:p:563-591.

    Full description at Econpapers || Download paper

  42. Intergovernmental fiscal transfers as pork barrel. (2013). Veiga, Linda.
    In: Public Choice.
    RePEc:kap:pubcho:v:155:y:2013:i:3:p:335-353.

    Full description at Econpapers || Download paper

  43. Economic voting in Portuguese municipal elections. (2013). Veiga, Francisco ; Martins, Rodrigo.
    In: Public Choice.
    RePEc:kap:pubcho:v:155:y:2013:i:3:p:317-334.

    Full description at Econpapers || Download paper

  44. When and how politicians take ‘scandalous’ decisions?. (2013). Petrarca, Ilaria ; Padovano, Fabio.
    In: Constitutional Political Economy.
    RePEc:kap:copoec:v:24:y:2013:i:4:p:336-351.

    Full description at Econpapers || Download paper

  45. Political budget cycles in Indonesia at the district level. (2013). Schulze, Günther ; Kis-Katos, Krisztina ; Sjahrir, Bambang Suharnoko.
    In: Economics Letters.
    RePEc:eee:ecolet:v:120:y:2013:i:2:p:342-345.

    Full description at Econpapers || Download paper

  46. A Theory of Cyclical Production of Laws and Decrees. (2012). Petrarca, Ilaria ; Padovano, Fabio.
    In: Economics Working Paper from Condorcet Center for political Economy at CREM-CNRS.
    RePEc:tut:cccrwp:2012-09-ccr.

    Full description at Econpapers || Download paper

  47. Voting functions in the EU-15. (2012). Veiga, Linda.
    In: NIPE Working Papers.
    RePEc:nip:nipewp:16/2012.

    Full description at Econpapers || Download paper

  48. Two-round elections, one-round determinants? Evidence from the French municipal elections. (2011). Héricourt, Jérôme ; Farvaque, Etienne ; Cassette, Aurélie ; Hericourt, Jerome.
    In: MPRA Paper.
    RePEc:pra:mprapa:34675.

    Full description at Econpapers || Download paper

  49. Electoral Cycles in Active Labor Market Policies. (2011). Potrafke, Niklas ; Mechtel, Mario.
    In: Working Paper Series of the Department of Economics, University of Konstanz.
    RePEc:knz:dpteco:1139.

    Full description at Econpapers || Download paper

  50. Public Investment and Re-election Prospects in Developed Countries. (2011). Katsimi, Margarita ; Sarantides, Vassilis.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_3570.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-30 19:14:55 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.