The Resource A common election day for Euro Zone Member States?, (electronic resource)

A common election day for Euro Zone Member States?, (electronic resource)

Label
A common election day for Euro Zone Member States?
Title
A common election day for Euro Zone Member States?
Creator
Contributor
Language
eng
Summary
This paper tests for the Euro zone the hypothesis put forward by Sapir and Sekkat (1999) that synchronizing elections might improve welfare. After identifying a political budget cycle in the Euro zone we build a politico-macroeconomic model and simulate the effects of adopting a common election day in the 12 Euro zone member states. The results support most of the theoretical predictions by Sapir-Sekkat: (i) Synchronizing the elections could enhance GDP growth, reduce unemployment, but leads to increased inflation and in some countries to a deterioration of the budget; higher inflation forces ECB to monetary restrictions. (ii) If the synchronization happens asymmetrically - either only in the large or only in the small Euro zone countries - the result depends on the size of the spillovers. (iii) As anticipated in Sapir -Sekkat a common election day is a further step towards the desired "European business cycle", however, at the cost of increasing its amplitude. Harmonizing elections is another method of policy coordination. Whether this leads to higher welfare is a matter of weighting the different macroeconomic outcomes and it also depends on the model applied
Member of
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorDate
1944-
http://library.link/vocab/creatorName
Breuss, Fritz
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Wirtschaftsuniversität Wien
Series statement
EI working papers
Series volume
75
Label
A common election day for Euro Zone Member States?, (electronic resource)
Link
http://epub.wu.ac.at/cgi/search/simple?q=ei+working+papers&_action_search=Search&_order=bytitle&basic_srchtype=ALL&_satisfyall=ALL
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb14723761
Extent
34 pages.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088482426
Label
A common election day for Euro Zone Member States?, (electronic resource)
Link
http://epub.wu.ac.at/cgi/search/simple?q=ei+working+papers&_action_search=Search&_order=bytitle&basic_srchtype=ALL&_satisfyall=ALL
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb14723761
Extent
34 pages.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088482426

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