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Political dimensions of the American macroeconomy / Gerald T. Fox.

By: Material type: TextTextSeries: Economics and public policy collectionPublisher: 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
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781948976367
Subject(s): Genre/Form: Additional physical formats: Print version:: No titleLOC classification:
  • HC103
Online resources: Available additional physical forms:
Contents:
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.
Abstract: 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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Item type Current library Collection Call number URL Status Date due Barcode
Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD) Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD) G. Allen Fleece Library ONLINE HC103 (Browse shelf(Opens below)) Link to resource Available BEP9781948976367
Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD) 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.

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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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