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Partisan Politics, Divided Government, and the Economy
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Partisan Politics, Divided Government, and the Economy Paperback - 1995

by Alberto Alesina; Howard Rosenthal


From the publisher

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.

From the rear cover

This book develops an integrated approach to understanding the American economy and national elections. Economic policy is generally seen as the result of a compromise between the President and Congress. Because Democrats and Republicans usually maintain polarized preferences on policy, middle-of-the-road voters seek to balance the President by reinforcing in Congress the party not holding the White House. This balancing leads, always, to relatively moderate policies and, frequently, to divided government. The authors first outline the rational partisan business cycle, where Republican administrations begin with recession, and Democratic administrations with expansions, and next the midterm cycle, where the President's party loses votes in the mid-term congressional election. The book argues that both cycles are the result of uncertainty about the outcome of presidential elections. Other topics covered include retrospective voting on the economy, coat-tails, and incumbency advantage. A final chapter shows how the analysis sheds light on the economies and political processes of other industrial democracies.

Details

  • Title Partisan Politics, Divided Government, and the Economy
  • Author Alberto Alesina; Howard Rosenthal
  • Binding Paperback
  • Edition [ Edition: First
  • Pages 300
  • Volumes 1
  • Language ENG
  • Publisher Cambridge University Press, Cambridge
  • Date 1995-01-27
  • ISBN 9780521436205 / 0521436206
  • Weight 0.98 lbs (0.44 kg)
  • Dimensions 8.98 x 6 x 0.67 in (22.81 x 15.24 x 1.70 cm)
  • Library of Congress subjects Divided government - United States, Presidents - United States - Election -
  • Library of Congress Catalog Number 93048512
  • Dewey Decimal Code 338.542
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Partisan Politics, Divided Government, and the Economy (Political Economy of Institutions and Decisions)

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Partisan Politics, Divided Governmt (Political Economy of Institutions and Decisions)

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Partisan Politics, Divided Government, and the Economy
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by Alberto Alesina; Howard Rosenthal

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Partisan Politics, Divided Government, and the Economy (Political Economy of Institutions and...
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Partisan Politics, Divided Government, and the Economy (Political Economy of Institutions and Decisions)

by Alberto Alesina; Howard Rosenthal

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