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<p>For decades, a central element of the Republican Party brand has been to call for fiscal responsibility through balanced budgets. We investigate the extent to which the party has actually implemented those ideological principles. To do so, we combine a multitude of datasets and exploit Congressional Budget Office reports to study legislative behavior on specific bills from 1997 to 2020. Evidence of Republican politicians behaving in ways that would suggest a systematic commitment to balanced budgets is scarce, with some evidence of decline across time. Finally, we explore possible explanatory mechanisms for this phenomenon.</p>

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The political economy of fiscal responsibility

  • 期刊论文

  • 发表日期：

    2025年10月17日

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  • Christian Cox,
  • Derek Epp,
  • Ian Shapiro

摘要

For decades, a central element of the Republican Party brand has been to call for fiscal responsibility through balanced budgets. We investigate the extent to which the party has actually implemented those ideological principles. To do so, we combine a multitude of datasets and exploit Congressional Budget Office reports to study legislative behavior on specific bills from 1997 to 2020. Evidence of Republican politicians behaving in ways that would suggest a systematic commitment to balanced budgets is scarce, with some evidence of decline across time. Finally, we explore possible explanatory mechanisms for this phenomenon.