The Political Economy of Fiscal Policy: An Experimental Study on the Strategic Use of Deficits.

B-Tier
Journal: Public Choice
Year: 2003
Volume: 116
Issue: 3-4
Pages: 313-32

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Field data on the strategic use of deficits to limit the budgetary scope of future governments are inconclusive about the effects of political polarization or a government's re-election probability on fiscal policy. Therefore, we designed a controlled experiment to examine the strategic use of deficits. Using a within-subjects design, we find that deficits rise with a higher degree of polarization and a lower reelection probability. However, in a between-subjects design neither polarization nor reelection probabilities have a systematic effect. We discuss the implications of our experimental results for empirical tests of the strategic use of deficits with field data. Copyright 2003 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:pubcho:v:116:y:2003:i:3-4:p:313-32
Journal Field
Public
Author Count
1
Added to Database
2026-01-29