Political dimensions of the American macroeconomy /
Fox, Gerald T.,
Political dimensions of the American macroeconomy / Gerald T. Fox. - Second edition. - 1 online resource (196 pages) : illustrations (some color) - Economics and public policy collection, 2163-7628 . - Economics and public policy collection. .
Chapter 1. The political macroeconomy -- Chapter 2. Refresher on macroeconomic measurements and the busines cycle -- Chapter 3. Mainstream macroeconomic theory and the expectational Phillips curve -- Chapter 4. Fiscal and monetary policies -- Chapter 5. Voter rationality and macroeconomic preferences -- Chapter 6. Electoral political business cycle -- Chapter 7. Partisan political business cycle -- Chapter 8. Evidence of electoral and partisan cycles -- Chapter 9. Other political business cycle considerations -- Chapter 10. Economic influence on public sentiment and voter behavior -- Chapter 11. Trade policies and international political perspectives -- Chapter 12. Conclusion.
Access restricted to authorized users and institutions.
Political macroeconomy refers to the interconnection between macroeconomic politics and macroeconomic performance. The expectational Phillips curve may be used to examine the economic aspects of this interrelation. Macroeconomic politics relates to voter behavior, presidential reelection ambition, partisan economic priorities, and special interests. These factors impact the fiscal and monetary policy actions of the president, Congress, and central bank. According to the electoral effect, presidents attempt to boost the economy before an election to increase reelection votes. According to the partisan effect, conservative presidencies are relatively inflation averse, while liberal administrations are relatively unemployment averse. The evidence, however, suggests that the electoral and partisan effects occurred idiosyncratically in the U.S. economy during 1961-2016. The economy also affects presidential approval, Congressional elections, consumer sentiment, voter participation, and macropartisanship. An international dimension of the political macroeconomy is the issue of free trade versus protectionism and the perspectives of economic liberalism, neomercantilism, and structuralism.
Mode of access: World Wide Web.
System requirements: Adobe Acrobat reader.
9781948976367
Macroeconomcs.
Economics--Political aspects--United States.
Phillips curve.
United States--Economic policy.
Classical macroeconomic perspective. Congressional vote. Electoral cycle. Expectations-augmented Phillips curve. Fiscal policy. Inflation. Keynesianism. Median voter model. Monetary policy. Partisan cycle. Political business cycle. Presidential approval. Presidential vote. Unemployment.
[genre]
Electronic books.
HC103
Political dimensions of the American macroeconomy / Gerald T. Fox. - Second edition. - 1 online resource (196 pages) : illustrations (some color) - Economics and public policy collection, 2163-7628 . - Economics and public policy collection. .
Chapter 1. The political macroeconomy -- Chapter 2. Refresher on macroeconomic measurements and the busines cycle -- Chapter 3. Mainstream macroeconomic theory and the expectational Phillips curve -- Chapter 4. Fiscal and monetary policies -- Chapter 5. Voter rationality and macroeconomic preferences -- Chapter 6. Electoral political business cycle -- Chapter 7. Partisan political business cycle -- Chapter 8. Evidence of electoral and partisan cycles -- Chapter 9. Other political business cycle considerations -- Chapter 10. Economic influence on public sentiment and voter behavior -- Chapter 11. Trade policies and international political perspectives -- Chapter 12. Conclusion.
Access restricted to authorized users and institutions.
Political macroeconomy refers to the interconnection between macroeconomic politics and macroeconomic performance. The expectational Phillips curve may be used to examine the economic aspects of this interrelation. Macroeconomic politics relates to voter behavior, presidential reelection ambition, partisan economic priorities, and special interests. These factors impact the fiscal and monetary policy actions of the president, Congress, and central bank. According to the electoral effect, presidents attempt to boost the economy before an election to increase reelection votes. According to the partisan effect, conservative presidencies are relatively inflation averse, while liberal administrations are relatively unemployment averse. The evidence, however, suggests that the electoral and partisan effects occurred idiosyncratically in the U.S. economy during 1961-2016. The economy also affects presidential approval, Congressional elections, consumer sentiment, voter participation, and macropartisanship. An international dimension of the political macroeconomy is the issue of free trade versus protectionism and the perspectives of economic liberalism, neomercantilism, and structuralism.
Mode of access: World Wide Web.
System requirements: Adobe Acrobat reader.
9781948976367
Macroeconomcs.
Economics--Political aspects--United States.
Phillips curve.
United States--Economic policy.
Classical macroeconomic perspective. Congressional vote. Electoral cycle. Expectations-augmented Phillips curve. Fiscal policy. Inflation. Keynesianism. Median voter model. Monetary policy. Partisan cycle. Political business cycle. Presidential approval. Presidential vote. Unemployment.
[genre]
Electronic books.
HC103