ENGLISH

Partisan Politics, Divided Government, and the Economy (Political Economy of Institutions and Decisions)

By ALBERTO ALESINA , Howard Rosenthal

Book information

Publisher
Cambridge University Press
Year
1995
ISBN
9780511720512, 9780521430296, 9780521436205
DOI
10.1017/CBO9780511720512
Google Books ID
wal3COSTXpQC
Language
english
Format
PDF
Filesize
5 MB (5484053 bytes)
Series
Political Economy of Institutions and Decisions
Pages
299\299
Orientation
yes
Scanned
yes
Time added
2011-08-31 04:54:40

Description

This book explores how the political process in the United States influences the economy and how economic conditions influence electoral results. It explains how the interaction between the President and Congress lead to the formulation of macroeconomic policy and how the American voters achieve moderation by balancing the two institutions. Fluctuations in economic growth are shown to depend on the results of elections and, conversely, electoral results to depend on the state of the economy. The final chapter of the book establishes striking similarities between the American political economy and other industrial democracies.

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