EconPapers    
Economics at your fingertips  
 

Checks and Balances on Political Budget Cycles: Cross‐Country Evidence

Jorge Streb, Daniel Lema () and Gustavo Torrens

Kyklos, 2009, vol. 62, issue 3, 426-447

Abstract: Previous empirical work on political budget cycles (PBCs) implicitly assumes the executive has full discretion over fiscal policy. Instead, we ask what happens when legislative checks and balances limit executive discretion. We find that legislative checks and balances moderate PBCs in countries with high compliance with the law. More effective checks and balances help to explain why cycles are weaker in developed countries and in established democracies. When the discretional component of executive power is isolated, there are significant cycles in all democracies.

Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (44) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/j.1467-6435.2009.00444.x

Related works:
Working Paper: Discretional political budget cycles and separation of powers (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:kyklos:v:62:y:2009:i:3:p:426-447

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0023-5962

Access Statistics for this article

Kyklos is currently edited by Rene L. Frey

More articles in Kyklos from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2021-03-04
Handle: RePEc:bla:kyklos:v:62:y:2009:i:3:p:426-447