Electoral cycles in international reserves: Evidence from Latin America and the OECD
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Calvo, Guillermo A. & Vegh, Carlos A., 1999.
"Inflation stabilization and bop crises in developing countries,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 24, pages 1531-1614,
Elsevier.
- Guillermo A. Calvo & Carlos A. Vegh, 1999. "Inflation Stabilization and BOP Crises in Developing Countries," NBER Working Papers 6925, National Bureau of Economic Research, Inc.
- Stein, Ernesto H. & Streb, Jorge M., 1998.
"Political stabilization cycles in high-inflation economies,"
Journal of Development Economics, Elsevier, vol. 56(1), pages 159-180, June.
- Ernesto Stein and Jorge Streb., 1994. "Political Stabilization Cycles in High Inflation Economies," Center for International and Development Economics Research (CIDER) Working Papers C94-039, University of California at Berkeley.
- Ernesto H. Stein & Jorge M. Streb, 1997. "Political Stabilization Cycles in High Inflation Economies," CEMA Working Papers: Serie Documentos de Trabajo. 123, Universidad del CEMA.
- Stein, Ernesto H. & Streb, Jorge M., 1995. "Political Stabilization Cycles in High Inflation Economies," IDB Publications (Working Papers) 6295, Inter-American Development Bank.
- Stein, Ernesto & Streb, Jorge, 1994. "Political Stabilization Cycles in High Inflation Economies," Center for International and Development Economics Research (CIDER) Working Papers 233383, University of California-Berkeley, Department of Economics.
- Brender, Adi & Drazen, Allan, 2005.
"Political budget cycles in new versus established democracies,"
Journal of Monetary Economics, Elsevier, vol. 52(7), pages 1271-1295, October.
- Adi Brender & Allan Drazen, 2004. "Political Budget Cycles in New versus Established Democracies," NBER Working Papers 10539, National Bureau of Economic Research, Inc.
- Adi Brender & Allan Drazen, 2005. "Political Budget Cycles in New versus Established Democracies," Bank of Israel Working Papers 2005.04, Bank of Israel.
- Kenneth Rogoff & Anne Sibert, 1988.
"Elections and Macroeconomic Policy Cycles,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(1), pages 1-16.
- Rogoff, Kenneth & Sibert, Anne, 1985. "Elections And Macroeconomic Policy Cycles," SSRI Workshop Series 292676, University of Wisconsin-Madison, Social Systems Research Institute.
- Kenneth Rogoff & Anne Sibert, 1986. "Elections and Macroeconomic Policy Cycles," NBER Working Papers 1838, National Bureau of Economic Research, Inc.
- Stein, Ernesto H. & Streb, Jorge M., 2004.
"Elections and the timing of devaluations,"
Journal of International Economics, Elsevier, vol. 63(1), pages 119-145, May.
- Ernesto H. Stein & Jorge M. Streb, 1999. "Elections and the Timing of Devaluations," CEMA Working Papers: Serie Documentos de Trabajo. 140, Universidad del CEMA.
- Ernesto H. Stein & Jorge M. Streb, 1999. "Elections and the Timing of Devaluations," Research Department Publications 4164, Inter-American Development Bank, Research Department.
- Stein, Ernesto H. & Streb, Jorge M., 1999. "Elections and the Timing of Devaluations," IDB Publications (Working Papers) 1302, Inter-American Development Bank.
- Grier, Kevin & Hernandez-Trillo, Fausto, 2007.
"The real exchange rate process and its real effects: The cases of Mexico and the USA,"
Journal of Applied Economics, Universidad del CEMA, vol. 7(1), pages 1-25, May.
- Kevin B. Grier & Fausto Hernández-Trillo, 2004. "The real exchange rate process and its real effects: The cases of Mexico and the USA," Journal of Applied Economics, Universidad del CEMA, vol. 7, pages 1-25, May.
- Kevin B. Grier & Fausto Hernández-Trillo, 2004. "The Real Exchange Rate Process and Its Real Effects: The Cases of Mexico and the USA," Journal of Applied Economics, Taylor & Francis Journals, vol. 7(1), pages 1-25, May.
- Dreher, Axel & Vaubel, Roland, 2009.
"Foreign exchange intervention and the political business cycle: A panel data analysis,"
Journal of International Money and Finance, Elsevier, vol. 28(5), pages 755-775, September.
- Axel Dreher & Roland Vaubel, 2005. "Foreign Exchange Intervention And The Political Business Cycle: A Panel Data Analysis," International Finance 0505009, University Library of Munich, Germany.
- Axel Dreher & Roland Vaubel, 2007. "Foreign Exchange Intervention and the Political Business Cycle: A Panel Data Analysis," KOF Working papers 07-159, KOF Swiss Economic Institute, ETH Zurich.
- Thomas J. Sargent & Neil Wallace, 1984.
"Some Unpleasant Monetarist Arithmetic,"
Palgrave Macmillan Books, in: Brian Griffiths & Geoffrey E. Wood (ed.), Monetarism in the United Kingdom, pages 15-41,
Palgrave Macmillan.
- Thomas J. Sargent & Neil Wallace, 1981. "Some unpleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 5(Fall).
- Jorge M. Streb & Daniel Lema & Gustavo Torrens, 2009.
"Checks and Balances on Political Budget Cycles: Cross‐Country Evidence,"
Kyklos, Wiley Blackwell, vol. 62(3), pages 426-447, August.
- Jorge Streb & Daniel Lema & Gustavo Torrens, 2005. "Discretional political budget cycles and separation of powers," CEMA Working Papers: Serie Documentos de Trabajo. 286, Universidad del CEMA.
- Keefer, Philip & Stasavage, David, 2003. "The Limits of Delegation: Veto Players, Central Bank Independence, and the Credibility of Monetary Policy," American Political Science Review, Cambridge University Press, vol. 97(3), pages 407-423, August.
- Jorge M. Streb & Daniel Lema & Pablo Garofalo, 2012.
"Temporal aggregation in political budget cycles,"
Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2012), pages 39-78, August.
- Jorge M. Streb & Daniel Lema, 2009. "Temporal aggregation in political budget cycles," CEMA Working Papers: Serie Documentos de Trabajo. 403, Universidad del CEMA.
- Ludger Schuknecht, 1996. "Political Business Cycles and Fiscal Policies in Developing Countries," Kyklos, Wiley Blackwell, vol. 49(2), pages 155-170, May.
- Javier Alvarez & Manuel Arellano, 2003.
"The Time Series and Cross-Section Asymptotics of Dynamic Panel Data Estimators,"
Econometrica, Econometric Society, vol. 71(4), pages 1121-1159, July.
- Javier Álvarez & Manuel Arellano, 1998. "The Time Series and Cross-Section Asymptotics of Dynamic Panel Data Estimators," Working Papers wp1998_9808, CEMFI.
- Alvarez, J. & Arellano, M., 1998. "The Time Series and Cross-Section Asymptotics of Dynamic Panel Data Estimators," Papers 9808, Centro de Estudios Monetarios Y Financieros-.
- Schuknecht, Ludger, 1996. "Political Business Cycles and Fiscal Policies in Developing Countries," Kyklos, Wiley Blackwell, vol. 49(2), pages 155-170.
- Witold J. Henisz, 2002. "The institutional environment for infrastructure investment," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 11(2), pages 355-389.
- William D. Nordhaus, 1975. "The Political Business Cycle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(2), pages 169-190.
- Shi, Min & Svensson, Jakob, 2006. "Political budget cycles: Do they differ across countries and why?," Journal of Public Economics, Elsevier, vol. 90(8-9), pages 1367-1389, September.
- Cermeño, Rodolfo & Grier, Robin & Grier, Kevin, 2010. "Elections, exchange rates and reform in Latin America," Journal of Development Economics, Elsevier, vol. 92(2), pages 166-174, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Eric Dubois, 2016. "Political business cycles 40 years after Nordhaus," Public Choice, Springer, vol. 166(1), pages 235-259, January.
- Eric Dubois, 2016. "Political Business Cycles 40 Years after Nordhaus," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01291401, HAL.
- Eric Dubois, 2016. "Political Business Cycles 40 Years after Nordhaus," Post-Print hal-01291401, HAL.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Daniel Lema & Jorge M. Streb, 2013. "Ciclos electorales en política fiscal," CEMA Working Papers: Serie Documentos de Trabajo. 514, Universidad del CEMA.
- Arslan Razmi, 2018. "Politics-Driven Exchange Rate Cycles : East Asia vs. Latin America," UMASS Amherst Economics Working Papers 2018-14, University of Massachusetts Amherst, Department of Economics.
- Eric Dubois, 2016. "Political Business Cycles 40 Years after Nordhaus," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01291401, HAL.
- Georgios Efthyvoulou, 2012.
"Political budget cycles in the European Union and the impact of political pressures,"
Public Choice, Springer, vol. 153(3), pages 295-327, December.
- Georgios Efthyvoulou, 2010. "Political Budget Cycles in the European Union and the Impact of Political Pressures: A dynamic panel regression analysis," Birkbeck Working Papers in Economics and Finance 1002, Birkbeck, Department of Economics, Mathematics & Statistics.
- Arslan Razmi, 2022. "The real consequences of policy‐driven exchange rate cycles: A stylized comparison of East Asia and Latin America," Manchester School, University of Manchester, vol. 90(2), pages 190-212, March.
- Eric Dubois, 2016. "Political business cycles 40 years after Nordhaus," Public Choice, Springer, vol. 166(1), pages 235-259, January.
- Eric Dubois, 2016. "Political Business Cycles 40 Years after Nordhaus," Post-Print hal-01291401, HAL.
- Vergne, Clémence, 2009.
"Democracy, elections and allocation of public expenditures in developing countries,"
European Journal of Political Economy, Elsevier, vol. 25(1), pages 63-77, March.
- Clémence VERGNE, 2006. "Democracy, Elections and Allocation of Public Expenditure in Developing Countries," Working Papers 200608, CERDI.
- Clémence Vergne, 2011. "Democracy, Elections and Allocation of Public Expenditure in Developing Countries," Working Papers halshs-00564572, HAL.
- Aidt, Toke S. & Mooney, Graham, 2014.
"Voting suffrage and the political budget cycle: Evidence from the London Metropolitan Boroughs 1902–1937,"
Journal of Public Economics, Elsevier, vol. 112(C), pages 53-71.
- Toke Aidt & Graham Mooney, 2014. "Voting Suffrage and the Political Budget Cycle: Evidence from the London Metropolitan Boroughs 1902-1937," CESifo Working Paper Series 4614, CESifo.
- Ganesh Manjhi & Meeta Keswani Mehra, 2019.
"Dynamics of Political Budget Cycle,"
Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 5(1), pages 135-158, March.
- Ganesh Manjhi & Meeta Keswani Mehra, "undated". "Dynamics of Political Budget Cycle," Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers 18-09, Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India.
- Manjhi, Ganesh & Mehra, Meeta Keswani, 2016. "Dynamics of Political Budget Cycle," Working Papers 16/163, National Institute of Public Finance and Policy.
- Ganesh Manjhi & Meeta Keswani Mehra, 2016. "Dynamics of Political Budget Cycle," Working Papers id:10466, eSocialSciences.
- Manjhi, Ganesh & Keswani Mehra, Meeta, 2015. "Dynamics of Political Budget Cycle," MPRA Paper 68791, University Library of Munich, Germany.
- Ernesto H. Stein & Jorge M. Streb & Piero Ghezzi, 2005.
"Real Exchange Rate Cycles Around Elections,"
Economics and Politics, Wiley Blackwell, vol. 17(3), pages 297-330, November.
- Piero Ghezzi & Ernesto Stein & Jorge M. Streb, 2000. "Real exchange rate cycles around elections," CEMA Working Papers: Serie Documentos de Trabajo. 174, Universidad del CEMA.
- Jorge Streb & Gustavo Torrens, 2013.
"Making rules credible: divided government and political budget cycles,"
Public Choice, Springer, vol. 156(3), pages 703-722, September.
- Jorge M. Streb & Gustavo F. Torrens, 2009. "Making rules credible: Divided government and political budget cycles," CEMA Working Papers: Serie Documentos de Trabajo. 395, Universidad del CEMA.
- Pantelis Kammas & Vassilis Sarantides, 2016.
"Fiscal redistribution around elections when democracy is not “the only game in town”,"
Public Choice, Springer, vol. 168(3), pages 279-311, September.
- Pantelis Kammas & Vassilis Sarantides, 2015. "Fiscal redistribution around elections when democracy is not “the only game in town”," Working Papers 2015019, The University of Sheffield, Department of Economics.
- Antoine Cazals & Pierre Mandon, 2015. "Political Budget Cycles: Manipulation of Leaders or Bias from Research? A Meta-Regression Analysis," CERDI Working papers halshs-01238883, HAL.
- Frank Bohn & Francisco José Veiga, 2019. "Elections, recession expectations and excessive debt: an unholy trinity," Public Choice, Springer, vol. 180(3), pages 429-449, September.
- Jeroen Klomp & Jakob De Haan, 2013.
"Do political budget cycles really exist?,"
Applied Economics, Taylor & Francis Journals, vol. 45(3), pages 329-341, January.
- Jeroen Klomp & Jakob De Haan, 2013. "Do political budget cycles really exist?," Applied Economics, Taylor & Francis Journals, vol. 45(3), pages 329-341, January.
- Jeroen Klomp & Jakob de Haan, 2011. "Do political budget cycles really exist?," Post-Print hal-00734528, HAL.
- Jeroen Klomp & Jakob Haan, 2013. "Political budget cycles and election outcomes," Public Choice, Springer, vol. 157(1), pages 245-267, October.
- Isadora Sánchez-Torné & Macarena Pérez-Suárez & Juan Carlos Morán-Álvarez, 2020. "Una comparativa de la innovación de Espana y Rusia: ¿políticas bilaterales para la innovación?," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 12(1), pages 201-233, June.
- Toke Aidt & Graham Mooney, 2014. "Voter suffrage and the political budget cycle: evidence from the London Metropolitan Boroughs 1902-1937," Cambridge Working Papers in Economics 1401, Faculty of Economics, University of Cambridge.
- Antoine Cazals & Pierre Mandon, 2015. "Political Budget Cycles: Manipulation of Leaders or Bias from Research? A Meta-Regression Analysis," Working Papers halshs-01238883, HAL.
More about this item
Keywords
monetary policy; checks and balances; fiscal dominance; political budget cycles; temporal aggregation;All these keywords.
JEL classification:
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2013-12-15 (Central Banking)
- NEP-CDM-2013-12-15 (Collective Decision-Making)
- NEP-LAM-2013-12-15 (Central and South America)
- NEP-MON-2013-12-15 (Monetary Economics)
- NEP-POL-2013-12-15 (Positive Political Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cem:doctra:526. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valeria Dowding (email available below). General contact details of provider: https://edirc.repec.org/data/cemaaar.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.