The fact that scholars describe the response to the great recession as muted and moderate should motivate political scientists to study the economic vote from new angles. Hence, this study aims to investigate the compensating effect of falling interest rate expenditures on election outcomes because they usually fall when the economy slows down. To investigate this question, I use data from Swedish electoral districts between the years 2002 and 2014. I find that Swedish households reward local governments for falling interest rate expenditures. Moreover, this result is surprising because local politicians do not determine monetary policy and suggest that government can survive during harsh times because indebted households are compensated with lower interest rate expenditures when the degree of economic activity goes down.

学者们将大衰退的反应描述为温和而温和的事实应该激励政治科学家从新的角度研究经济投票。因此，本研究旨在调查利率支出下降对选举结果的补偿效应，因为它们通常在经济放缓时下降。为了研究这个问题，我使用了 2002 年至 2014 年间瑞典选区的数据。我发现瑞典家庭会因利率支出下降而奖励地方政府。此外，这一结果令人惊讶，因为当地政客并不决定货币政策，并暗示政府可以在艰难时期生存，因为当经济活动程度下降时，负债家庭可以通过较低的利率支出得到补偿。