Political Budget Cycles
Research output: Chapter in Book/Report/Conference proceeding › Encyclopedia chapter › Research › peer-review
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Political Budget Cycles. / Aaskoven, Lasse; Lassen, David Dreyer.
Oxford Research Encyclopedia of Politics. Oxford : Oxford University Press, 2017. (Oxford Research Encyclopedia).Research output: Chapter in Book/Report/Conference proceeding › Encyclopedia chapter › Research › peer-review
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TY - ENCYC
T1 - Political Budget Cycles
AU - Aaskoven, Lasse
AU - Lassen, David Dreyer
N1 - Online publication date Apr. 2017
PY - 2017
Y1 - 2017
N2 - The political budget cycle—how elections affect government fiscal policy—is one of the most studied subjects in political economy and political science. The key theoretical question is whether incumbent governments can time or structure public finances in ways that improve their chances of reelection; the key empirical question is whether this in fact happens. The incentives of incumbents to engage in such electioneering are governed by political institutions, observability of political choices, and their consequences, as well as voter knowledge, and both theoretical and empirical studies on political budget cycles have recently focused on conditions under which such cycles are likely to obtain. Much recent research focuses on subnational settings, allowing comparisons of governments in similar institutional environments, and a consensus on the presences of cycles in public finances—and in the reporting of public finances—is beginning to emerge.
AB - The political budget cycle—how elections affect government fiscal policy—is one of the most studied subjects in political economy and political science. The key theoretical question is whether incumbent governments can time or structure public finances in ways that improve their chances of reelection; the key empirical question is whether this in fact happens. The incentives of incumbents to engage in such electioneering are governed by political institutions, observability of political choices, and their consequences, as well as voter knowledge, and both theoretical and empirical studies on political budget cycles have recently focused on conditions under which such cycles are likely to obtain. Much recent research focuses on subnational settings, allowing comparisons of governments in similar institutional environments, and a consensus on the presences of cycles in public finances—and in the reporting of public finances—is beginning to emerge.
KW - Faculty of Social Sciences
KW - political budget cycles
KW - political business cycles
KW - elections
KW - political economy
KW - fiscal policy
U2 - 10.1093/acrefore/9780190228637.013.163
DO - 10.1093/acrefore/9780190228637.013.163
M3 - Encyclopedia chapter
T3 - Oxford Research Encyclopedia
BT - Oxford Research Encyclopedia of Politics
PB - Oxford University Press
CY - Oxford
ER -
ID: 177380957