Partisan Politics, Divided Government, and the Economy

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Paperback | 15 May 1995

At a Glance

Paperback
300 Pages

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22.86 x 15.24 x 1.7

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This 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 polarized 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 first outline the rational partisan business cycle, where Republican administrations begin with recession, and Democratic administrations with expansions, and next the midterm cycle, where the President's party loses votes in the mid-term 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. A final chapter shows how the analysis sheds light on the economies and political processes of other industrial democracies.

Industry Reviews

"...a challenging and important work...in this key area of interdisciplinary research, Alesina and Rosenthal's multi-faceted formal arguments and empirical tests are likely to set the standard for many years." Keith Krehbiel, Stanford University "Alesina and Rosenthal bring together two major themes in the current study of American politics--divided government and the political business cycle. In so doing, they develop a theoretically innovative, statistically well-grounded model of the United States political economy. A strong round of applause is in order." Michael S. Lewis-Beck, Professor, the University of Iowa "Alesina and Rosenthal have made what will surely be an enduring contribution...This book represents a genuine advance in the political business cycle literature...This book is accessible and holds value for both economists and political scientists. It should prove very useful to graduate students, but will also be stimulating to readers who are already familiar with the existing literature on political business cycles. This book would make a nice addition to a graduate seminar on applied political economy; any course which covers political business cycles would be incomplete absent this book as a required text." Jeffrey Milyo, Journal of Politics

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You Can Find This Book In

Non-Fiction Politics & Government Political Structure & Processes Elections & Referenda Economics Political Economy Microeconomics Central Government

Introduction
Models of policy divergence
A theory of institutional balancing
The midterm cycle
Diversity, persistence, and mobility
Incumbency and moderation
Partisan business cycles
The President, Congress, and the economy
Economic growth and national elections in the United States: 1915-88
Partisan economic policy and divided government in parliamentary democracies
Table of Contents provided by Publisher. All Rights Reserved.

Partisan Politics, Divided Government, and the Economy

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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