Partisan Politics, Divided Government, and the Economy / Edition 1 by Alberto Alesina, Howard Rosenthal | | 9780521436205 | Paperback | Barnes & Noble
Partisan Politics, Divided Government, and the Economy / Edition 1

Partisan Politics, Divided Government, and the Economy / Edition 1

by Alberto Alesina, Howard Rosenthal
     
 

ISBN-10: 0521436206

ISBN-13: 9780521436205

Pub. Date: 10/28/2003

Publisher: Cambridge University Press

This book explores how the political process in the United States influences the economy and how economic conditions influence electoral results. It explains how the interaction between the President and Congress lead to the formulation of macroeconomic policy and how the American voters achieve moderation by balancing the two institutions. Fluctuations in economic

Overview

This book explores how the political process in the United States influences the economy and how economic conditions influence electoral results. It explains how the interaction between the President and Congress lead to the formulation of macroeconomic policy and how the American voters achieve moderation by balancing the two institutions. Fluctuations in economic growth are shown to depend on the results of elections and, conversely, electoral results to depend on the state of the economy. The final chapter of the book establishes striking similarities between the American political economy and other industrial democracies.

Product Details

ISBN-13:
9780521436205
Publisher:
Cambridge University Press
Publication date:
10/28/2003
Series:
Political Economy of Institutions and Decisions Series
Edition description:
New Edition
Pages:
300
Product dimensions:
5.98(w) x 8.98(h) x 0.67(d)

Table of Contents

1. Introduction; 2. Models of policy divergence; 3. A theory of institutional balancing; 4. The midterm cycle; 5. Diversity, persistence, and mobility; 6. Incumbency and moderation; 7. Partisan business cycles; 8. The President, Congress, and the economy; 9. Economic growth and national elections in the United States: 1915–88; 10. Partisan economic policy and divided government in parliamentary democracies.

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