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Democracy, Elections and Government Budget Deficits
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Jakob de Haan
Published/Copyright:
November 30, 2019
Abstract
I review research on the relationship between democracy and government indebtedness. I first discuss whether the extent to which politicians use fiscal policy for reelection purposes is conditioned by a country’s experience with democracy. Political budget cycles are not confined to young democracies, but evidence suggests that in younger democracies such cycles are more likely and also stronger than in more mature democracies. Next, I discuss whether the use of fiscal policy by the incumbent increases his/her chances for reelection. Research discussed suggests that political parties in government benefit to some extent if fiscal policy turns expansionary before elections occur.
Published Online: 2019-11-30
Published in Print: 2014-02-01
© 2019 by Walter de Gruyter Berlin/Boston
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Articles in the same Issue
- Editorial
- Fiscal Stability of High-Debt Nations under Volatile Economic Conditions
- Sovereign Default Risk and Banks in a Monetary Union
- Public Debt and Price Stability
- Public Debt in Post-1850 German Economic Thought vis-à-vis the Pre-1850 British Classical School
- Budget Rules and Fiscal Policy: Ten Lessons from Theory and Evidence
- Balanced Budget Requirements and Debt Brakes Feasibility and Enforcement
- On the Political Economy of Public Deficits and Debt
- Democracy, Elections and Government Budget Deficits
- The Politics of Public Debt: Neoliberalism, Capitalist Development and the Restructuring of the State
- It Is Private, Not Public Finances that Are Out of Whack
- Public and Private Debt: The Historical Record (1870–2010)
- What Is the Value of Sovereign Ratings?
