U S Politics and the American Macroeconomy is popular PDF and ePub book, written by Gerald T. Fox in 2015-06-10, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, U S Politics and the American Macroeconomy can be Read Online from any device for your convenience.
U S Politics and the American Macroeconomy Book PDF Summary
This book considers the interrelation among macroeconomic politics, macroeconomic policymakers, macroeconomic policies, and macroeconomic perform ance. This interaction is examined using the expectational Phillips curve model, which measures macroeconomic outcomes in terms of inflation and unemployment. The subject of macroeconomic politics mainly focuses on voter behavior, presidential reelection ambition, and political party priorities. These political factors influence the macroeconomic policy actions of the president, Congress, and the central bank; the analysis takes into account both fiscal and monetary policies. The author’s examination of citizen sentiment is based on rational voter theory and the median voter model. He compares the effects of macroeconomic farsightedness versus shortsightedness in voters and contrasts the conservative versus liberal perspectives on macroeconomic policy and performance. The empirical component of the analysis examines the electoral and partisan political business cycle effects upon the U.S. economy, and evidence of idiosyncratic effects during the time frame of 1961–2014 is found. Finally, the author discusses macroeconomic influence on various measures of voter sentiment, such as presidential job approval, and presidential and congressional election outcomes.
Detail Book of U S Politics and the American Macroeconomy PDF
- Author : Gerald T. Fox
- Release : 10 June 2015
- Publisher : Business Expert Press
- ISBN : 9781606495339
- Genre : Business & Economics
- Total Page : 129 pages
- Language : English
- PDF File Size : 13,9 Mb
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