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dc.contributor.author
Gunzinger, Fabian
dc.contributor.author
Sturm, Jan-Egbert
dc.date.accessioned
2018-02-08T11:02:29Z
dc.date.available
2017-06-11T11:47:53Z
dc.date.available
2018-02-08T11:02:29Z
dc.date.issued
2014-08
dc.identifier.uri
http://hdl.handle.net/20.500.11850/87701
dc.identifier.doi
10.3929/ethz-a-010200330
dc.description.abstract
Relying on a large sample of countries, this paper quantifies the effect of political constraints, as measured by legislative control by the incumbent government, on the size of fiscal stimulus packages that have been put in place as reaction to the Great Recession. The results suggest that on average, political constraints reduced the size of a country's fiscal stimulus packages by between 1.2 and 2.8 percentage points of GDP (depending on the stimulus measure used). This substantial effect is significant and robust to a number of alternative dependent variables and specifications. The results are thus in line with the widely held, but never tested, perception that political reality limits the de facto application of discretionary fiscal policy as reaction to negative economic shocks.
en_US
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
GROSS NATIONAL PRODUCT
en_US
dc.subject
POLITICAL INFLUENCE (INTERNAL POLITICS)
en_US
dc.subject
ECONOMIC CRISES
en_US
dc.subject
Great Recession
en_US
dc.subject
REZESSION (WIRTSCHAFT, GELD UND WÄHRUNG)
en_US
dc.subject
POLITISCHE EINFLUSSNAHME (INNENPOLITIK)
en_US
dc.subject
WIRTSCHAFTSKRISEN
en_US
dc.subject
Legislative control
en_US
dc.subject
GESETZGEBENDE GEWALT + LEGISLATIVE (STAATSRECHT)
en_US
dc.subject
LEGISLATIVE POWER OF THE STATE + LEGISLATIVE POWER (PUBLIC LAW)
en_US
dc.subject
BRUTTONATIONALEINKOMMEN
en_US
dc.subject
RECESSION (ECONOMY, MONEY AND CURRENCY)
en_US
dc.subject
KONJUNKTURPOLITIK
en_US
dc.subject
Fiscal stimulus
en_US
dc.subject
STABILIZATION POLICY
en_US
dc.title
It's politics, stupid!
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
dc.date.published
2014
ethz.title.subtitle
Political constraints determine governments' reactions to the great recession
en_US
ethz.journal.title
KOF Working Papers
ethz.journal.volume
365
en_US
ethz.size
32 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.identifier.nebis
010200330
ethz.publication.place
Zürich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03716 - Sturm, Jan-Egbert / Sturm, Jan-Egbert
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03716 - Sturm, Jan-Egbert / Sturm, Jan-Egbert
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.date.deposited
2017-06-11T11:48:32Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp5936522d6881231550
ethz.identifier.importid
imp59366b613725592873
ethz.ecolpid
eth:9021
ethz.ecitpid
pub:137995
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-26T18:27:39Z
ethz.rosetta.lastUpdated
2018-11-06T08:21:20Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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