Partisan Politics, Divided Government, and the Economy
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Partisan Politics, Divided Government, and the Economy by Alberto Alesina
Book DescriptionThis 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 polarised 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 outline the rational partisan business cycle, where Republican administrations begin with recessions, and Democratic ones with expansions, and the midterm cycle, where the President's party loses votes in the midterm 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.
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Book DetailsISBN: 9780521436205
(228mm x 152mm x 17mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 27-Jan-1995
Country of Publication: United Kingdom
Books By Author Alberto Alesina
Fiscal Policy After the Financial Crisis, Hardback (July 2013)
Focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. This title also includes contributions discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes.
Europe and the Euro, Hardback (April 2010)
Looks at the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and, whether the single currency has induced convergence or divergence in the economic performance of member countries. This title focuses on both the first ten years of the euro and the workings of a monetary union.
Future of Europe, Paperback (October 2008)
A provocative argument that unless Europe takes serious action soon, its economic and political decline is unavoidable, and a clear statement of the steps Europe must take before it's too late.
Fighting Poverty in the US and Europe, Paperback (November 2005)» View all books by Alberto Alesina
Presenting a study of different approaches of America and Europe to the problems of domestic inequality and poverty, this book describes how different the two continents are in the level of State engagement in the redistribution of income. It discusses various economic and sociological explanations for the difference, including various attitudes.
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