If anything the opposite tends to be true.” . . . Among other evidence, the paper cites the three governments that executed the most high-profile expenditure-based deficit reductions in recent history and yet were re-elected: Ireland in 1987, Sweden in 1994, and Canada in 1994.
Broadbent’s empirical study complements a 1998 Brookings Institute study by the economists Alberto Alesina, Roberto Perotti, and Jose Tavares.