摘要：The paper examines some of the issues related to the synchronisation of election dates between two economies. In particular, it analyses the circumstances in which a government of a single country, considered to be a small economy, has incentives (or not), to synchronise the domestic election dates with the election dates (not necessarily determined in an endogenous way) of a country performing the role of an 'anchor', considered to be a large economy. To achieve this purpose, the paper uses, as an illustration, an asymmetric version of the model in Miller and Salmon (1990) in order to derive the optimal domestic electoral period length, which, in this sense, can be considered to be endogenously determined. The paper then shows how elections should occur in the small economy in order to benefit from the performance of the large economy. As a particularly relevant result it is shown that the incentive to synchronise the election dates depends upon the inflation history of the economies.
其他摘要：The paper examines some of the issues related to the synchronisation of election dates between two economies. In particular, it analyses the circumstances in which a government of a single country, considered to be a small economy, has incentives (or not), to synchronise the domestic election dates with the election dates (not necessarily determined in an endogenous way) of a country performing the role of an 'anchor', considered to be a large economy. To achieve this purpose, the paper uses, as an illustration, an asymmetric version of the model in Miller and Salmon (1990) in order to derive the optimal domestic electoral period length, which, in this sense, can be considered to be endogenously determined. The paper then shows how elections should occur in the small economy in order to benefit from the performance of the large economy. As a particularly relevant result it is shown that the incentive to synchronise the election dates depends upon the inflation history of the economies.
关键词：Election Dates; Electoral Business Cycles; International Policy Coordination; Mandates Duration; Synchronisation of Elections.
其他关键词：Election Dates; Electoral Business Cycles; International Policy Coordination; Mandates Duration; Synchronisation of Elections.
