Replication Data for: THE POLITICAL ECONOMY OF FEDERAL SYSTEMS IN TIMES OF ECONOMIC CRISIS
<|begin_of_text|><|start_header_id|>system<|end_header_id|> You are a research archivist expert in dataset metadata. Answer the question truthfully.  <|eot_id|><|start_header_id|>user<|end_header_id|> Here is the Description of a dataset. Description:'This dissertation examines how political institutions, as dynamically affected by voters and legislatures, mediate financial market reactions to severe fiscal shocks. This work uses as its case studies the experience of the U.S. states following the 2008 credit market seizure, and that of the German states following the financial crisis. It is found that following credit market seizures and severe fiscal shocks, political institutions become more important to market participants in assessing the risk characteristics of state bonds. Specifically, while unexpected deficits are correlated with higher state bond yields across all states, this effect is larger for states with left-leaning political systems than for states with right-leaning political systems. These results suggest that during economic crises – when credit markets might expec' . Please return only a json list of at most 3 Keywords corresponding to the Description:.<|eot_id|><|start_header_id|>assistant<|end_header_id|> {"Answer" : ["Enter Keywords here, hit + button on right for additional keyword fields"]} <|eot_id|>
 Here is the Description of a dataset. Description:'This dissertation examines how political institutions, as dynamically affected by voters and legislatures, mediate financial market reactions to severe fiscal shocks. This work uses as its case studies the experience of the U.S. states following the 2008 credit market seizure, and that of the German states following the financial crisis. It is found that following credit market seizures and severe fiscal shocks, political institutions become more important to market participants in assessing the risk characteristics of state bonds. Specifically, while unexpected deficits are correlated with higher state bond yields across all states, this effect is larger for states with left-leaning political systems than for states with right-leaning political systems. These results suggest that during economic crises – when credit markets might expec' . Please return only a json list of at most 3 Keywords corresponding to the Description:.
This dissertation examines how political institutions, as dynamically affected by voters and legislatures, mediate financial market reactions to severe fiscal shocks. This work uses as its case studies the experience of the U.S. states following the 2008 credit market seizure, and that of the German states following the financial crisis. It is found that following credit market seizures and severe fiscal shocks, political institutions become more important to market participants in assessing the risk characteristics of state bonds. Specifically, while unexpected deficits are correlated with higher state bond yields across all states, this effect is larger for states with left-leaning political systems than for states with right-leaning political systems. These results suggest that during economic crises – when credit markets might expec
Enter Keywords here, hit + button on right for additional keyword fields