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• W2066145675 abstract "According to partisan theories of macroeconomic policy, left-wing parties are more concerned with unemployment while right-wing parties tend to weigh the costs of inflation higher. An implication of partisan theories is that partisan policy differences should depend on the state of the economy, with left-wing governments conducting relatively more expansive policies during recessions. We test whether left-wing governments are more favourably inclined towards countercyclical fiscal policies than their right-wing counterparts using a panel data set of 18 OECD countries from 1980 to 1992. The results are supportive of partisan theories. The structural deficit is significantly higher under left-wing governments when unemployment is high or rising while the ideology of the government party (parties) has no significant impact on the structural deficit when unemployment is low or falling." @default.
• W2066145675 created "2016-06-24" @default.
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• W2066145675 date "1997-02-01" @default.
• W2066145675 modified "2023-10-14" @default.
• W2066145675 title "Counterfiscal policies and partisan politics: evidence from industrialized countries" @default.
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• W2066145675 doi "https://doi.org/10.1080/000368497327227" @default.
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