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| Author: | Schuknecht, L. |
| Title: | Political Business Cycles and Fiscal Policies in Developing Countries |
| Journal: | Kyklos
1996 : VOL. 49:2, p. 155-170 |
| Index terms: | FISCAL POLICY BUSINESS CYCLES IMF DEVELOPING COUNTRIES EMPIRICAL RESEARCH |
| Language: | eng |
| Abstract: | The paper studies empirically fiscal policies around elections in 35 developing countries. It finds that governments try to improve their re-election prospects with the help of expansionary fiscal policies. Rising fiscal deficits before elections are followed by fiscal consolidation afterwards. These cycles can be found particularly in countries which are less trade-oriented. Certain IMF-supported programs contribute to fiscal stabilization. |
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