English, Article, Journal or magazine article edition: Political Stability and Fiscal Policy - Time Series Evidence for the Swiss Federal Level since 1849 Lars P. Feld; Christoph A. Schaltegger

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Bookmark: http://trove.nla.gov.au/version/66143
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Political Stability and Fiscal Policy - Time Series Evidence for the Swiss Federal Level since 1849
Author
  • Lars P. Feld
  • Christoph A. Schaltegger
Physical Description
  • preprint
Notes
  • This paper explores the role of political stability on fiscal policy choices in a time-series ana-lysis 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 parlia-ment, the administration and the interest groups to influence policy decisions. In contrast, fre-quent government turnover weakens the position of the finance minister.
  • political stability, fiscal policy, constitutional changes
  • RePEc:ces:ceswps:_2691
Language
  • English
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