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• W30484912 abstract "This paper analyses the electoral consequences that fiscal adjustments have for the governments that implement them. Contrary to what previous studies on the same area had concluded, this paper confirms that the electorate tends to punish governments that launch expenditure-based adjustments, but reward them if these consolidations perform well in terms of economic growth and reduced income inequality. The traditional aversion of the electorate to expenditure-based adjustments was weakened during the nineties, mostly as a consequence of the multiplicity of official campaigns in favour of the single currency. Results confirm that politicians are rational when they plan the timing, the duration and the composition of their adjustment strategies, assuming that the electorate will punish them if the adjustment has been made through spending cuts, unless these cuts have generated visible economic growth before elections arrive, in order to compensate for the initial disappointment of voters." @default.
• W30484912 created "2016-06-24" @default.
• W30484912 creator A5049346688 @default.
• W30484912 date "2003-01-01" @default.
• W30484912 modified "2023-09-27" @default.
• W30484912 title "The electoral consequences of fiscal adjustments in the European Union" @default.
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• W30484912 hasPublicationYear "2003" @default.
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