Arbeitspapier
Political stability and fiscal policy : time series evidence for the Swiss federal level since 1849
This paper explores the role of political stability on fiscal policy choices in a time-series analysis over 158 years on the Swiss federal level. We argue that the fiscal-commons problem of public finances is affected by the time-horizon of a finance minister. Arguably, the incentives for an incumbent to maintain a good reputation with sound policy decisions are stronger the longer the time-horizon of a respective term. In addition, a finance minister who succeeds to stay a long time in office normally enjoys a politically powerful position towards the parliament, the administration and the interest groups to influence policy decisions. In contrast, frequent government turnover weakens the position of the finance minister.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 2691
- Klassifikation
-
Wirtschaft
Structure, Scope, and Performance of Government
National Government Expenditures and Related Policies: General
National Budget; Budget Systems
Positive Analysis of Policy Formulation and Implementation
- Thema
-
political stability
fiscal policy
constitutional changes
Finanzpolitik
Nachhaltigkeit
Politische Stabilität
Verfassungsreform
Finanzgeschichte
Schweiz
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Feld, Lars P.
Schaltegger, Christoph A.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Feld, Lars P.
- Schaltegger, Christoph A.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2009
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