01723cas a2200253 a 4500 AALejournalIMF001866 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451972658 1018-5941 BD-DhAAL BD-DhAAL Le Borgne, Eric. Candidate Entry, Screening, and the Political Budget Cycle / Eric Le Borgne, Ben Lockwood. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We investigate whether private information about citizens' competence in political office can be revealed by their entry and campaign expenditure decisions. We find that this depends on whether voters and candidates have common or conflicting interests; only in the former case can entry be revealing. We apply these results to Rogoff's (1990) political budget cycle model: as interests are common, low-ability candidates are screened out at the entry stage, and so there is no signaling via fiscal policy. In a variant of Rogoff's model where citizens differ in honesty, interests are conflicting, so the political budget cycle can persist. Mode of access: Internet Lockwood, Ben. IMF Working Papers; Working Paper ; No. 2002/048 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/048/001.2002.issue-048-en.xml IMF e-Library