Despite a long history of research on political budget cycles, their existence and magnitude
are still in question. By conducting a systematic analysis of the existing literature, we intend …

Using real-time data, we examine whether fiscal policy has been counter-or procyclical in a
panel of 27 European Union (EU) member states over the period 2000–2015. We also …

This paper investigates the effects of (non-) compliance with national numerical fiscal rules
on fiscal policy in 11 EU member states with 23 fiscal rules in place from 1994 to 2012 …

This paper presents empirical evidence of asymmetric fiscal policy along the business cycle,
using a real-time panel dataset on 19 OECD countries from 1997 to 2018. We estimate …

We present evidence pointing to the fact that international agencies' fiscal forecasts were
affected to some extent by the same type of problems that the literature widely …

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 …

This paper analyzes the impact of transparency on fiscal performance. Our sample
considers the 100 largest Spanish municipalities for the years 2008, 2009, 2010, 2012, and …

Sustainable budgets are important quality signals for the electorate. Politicians might thus
have an incentive to influence tax revenue forecasts, which are widely regarded as a key …

This paper analyses the determinants of municipalities' budget forecast quality, showing
opportunistic behaviour influenced by the electoral cycle. Incumbents overestimate revenue …

Governments try to improve re‐election chances by using fiscal instruments; they can shift
voters' expectations of government competence because some voters are impaired by …