Debt-sensitive majority rules stabilize politics during economic downturns.
Debt-sensitive majority rules mean that the more public debt a country plans to have, the more votes are needed to approve it. Researchers compared this rule with a simple majority rule when people have different opinions on public goods. They found that under debt-sensitive majority rules, there are winners that most people agree on, and these winners have certain characteristics. If people have diverse preferences on public goods and debt affects future public services a lot, the debt levels will be lower with debt-sensitive rules. These rules help stabilize politics during tough economic times.