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BestsellerE-book
Author Fox, Gerald T., author.

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

Publication Info. New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2020.

Item Status

Edition Second edition.
Description 1 online resource (196 pages) : illustrations (some color).
Physical Medium polychrome
Description text file
Series Economics and public policy collection, 2163-7628
Economics and public policy collection. 2163-7628
Bibliography Includes bibliographical references (pages 185-187) and index.
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.
Access Access restricted to authorized users and institutions.
Summary 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.
Form Also available in print.
System Details Mode of access: World Wide Web.
System requirements: Adobe Acrobat reader.
Provenance Purchased with the Phippen Library Fund.
Subject Macroeconomcs.
Economics -- Political aspects -- United States.
Economics -- Political aspects.
United States.
Economics.
Phillips curve.
Phillips curve.
United States -- Economic policy.
Economic policy.
Indexed Term 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/Form Electronic books.
Other Form: Print version: 9781948976350
ISBN 9781948976367 e-book
9781948976350 print