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Measuring US Presidents Political Commitment for Fiscal Discipline between 1920 and 2008

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Author Info
Francesc Pujol () (Department of Economics, Universidad de Navarra)

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Abstract

We propose a theoretical method to catch politicians' fiscal attitude concerning deficits and debt based on the analysis of the political discourse. We describe the methodological steps used to obtain it. The methodology is applied to the case of US President during the period 1920 to 2008. The results can be exploited in order to better understand the formation and the evolution of fiscal preferences and their influence on fiscal performance. As the index is based on normative and positive attitudes about deficits, their analysis can show the presence of strategic political behavior, giving thus a way to test some theoretical models on budgetary political behavior.

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Publisher Info
Paper provided by School of Economics and Business Administration, University of Navarra in its series Faculty Working Papers with number 01/09.

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Length: 36 pages
Date of creation: 18 Jan 2009
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Handle: RePEc:una:unccee:wp0109

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Related research
Keywords: fiscal discipline; fiscal conservatism; political attitude; discourse analysis;

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Find related papers by JEL classification:
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
H6 - Public Economics - - National Budget, Deficit, and Debt

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References listed on IDEAS
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  1. Ernesto H. Stein & Ernesto Talvi & Alejandro Grisanti, 1998. "Institutional Arrangements and Fiscal Performance: The Latin American Experience," RES Working Papers 4110, Inter-American Development Bank, Research Department. [Downloadable!]
  2. Hayo, Bernd, 1998. "Inflation culture, central bank independence and price stability," European Journal of Political Economy, Elsevier, vol. 14(2), pages 241-263, May. [Downloadable!] (restricted)
  3. Ernesto Stein & Ernesto Talvi & Alejandro Grisanti, 1998. "Institutional Arrangements and Fiscal Performance: The Latin American Experience," NBER Working Papers 6358, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Douglas Holtz-Eakin, 1988. "The Line Item Veto and Public Sector Budgets: Evidence from the States," NBER Working Papers 2531, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  5. Poterba, James M, 1994. "State Responses to Fiscal Crises: The Effects of Budgetary Institutions and Politics," Journal of Political Economy, University of Chicago Press, vol. 102(4), pages 799-821, August. [Downloadable!] (restricted)
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  6. Holtz-Eakin, Douglas, 1988. "The line item veto and public sector budgets : Evidence from the states," Journal of Public Economics, Elsevier, vol. 36(3), pages 269-292, August. [Downloadable!] (restricted)
  7. Hayo, Bernd & Hefeker, Carsten, 2002. "Reconsidering central bank independence," European Journal of Political Economy, Elsevier, vol. 18(4), pages 653-674, November. [Downloadable!] (restricted)
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Cited by:
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  1. Juan Carlos Molero & Isabel Rodriguez-Tejedo, . "An index of political support for decentralization: the Spanish case," Faculty Working Papers 05/08, School of Economics and Business Administration, University of Navarra. [Downloadable!]
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This page was last updated on 2009-11-19.

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