Partisan Politics, Divided Government, and the Economy Paperback - 1995
by Alberto Alesina; Howard Rosenthal
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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