Political dimensions of the American macroeconomy /Gerald T. Fox.
Material type:
TextSeries: Publication details: New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, (c)2020.Edition: Second editionDescription: 1 online resource (196 pages) : illustrations (some color)Content type: - text
- computer
- online resource
- 9781948976367
- Macroeconomcs
- Economics -- Political aspects -- United States
- Phillips curve
- 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
- HC103 .P655 2020
- COPYRIGHT NOT covered - Click this link to request copyright permission: https://lib.ciu.edu/copyright-request-form
| Item type | Current library | Collection | Call number | URL | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|---|
Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD)
|
G. Allen Fleece Library | Non-fiction | HC103 (Browse shelf(Opens below)) | Link to resource | Available | 9781948976367 |
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.
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.
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