- Introduction: A Framework for the Analysis of Macroeconomics and Electoral Politics
- Macroeconomic and Institutional Background
- The Demand for Economic Outcomes
- The Supply of Economic Outcomes
- I. Macroeconomic and Institutional Background
- 1. Postwar American Macroeconomic Performance in Historical Perspective
- Growth and Unemployment
- Inflation
- The Bias toward Inflation
- Monetary Policy, the Financial System, and Economic
- Stabilization
- Fiscal Policy and Economic Stabilization
- The Security–Inflation Trade-Off
- 2. The Costs of Unemployment
- Defining, Interpreting, and Measuring Unemployment
- The Aggregate Costs of Unemployment
- The Incidence of Unemployment
- The Costs of Unemployment to Individuals
- 3. The Costs of Inflation
- Defining and Measuring Inflation
- Recent Trends and Fluctuations in the Underlying Inflation Rate
- Inflation and the Distribution of Personal Income
- Inflation and Personal Income Growth Rates
- Inflation and Corporate Profitability
- Saving, Investment, and Inflation
- Inflation’s True Costs
- 1. Postwar American Macroeconomic Performance in Historical Perspective
- II. The Demand for Economic Outcomes
- 4. Public Concern about Inflation and Unemployment
- The Salience of the Economy as a Public Issue
- The Distribution of Concern about Inflation and Unemployment in the General Electorate
- The Distribution of Concern about Inflation and Unemployment among Income, Occupational, and Partisan Groups
- 5. Macroeconomic Performance and Mass Political Support for the President
- The Political Support Model
- Empirical Results
- A Concluding Word on the Economy and Political Support for Presidents
- 6. Economic Performance and the 1980 and 1984 Elections
- Landslide Elections in Recent History
- Election Cycle Economics in 1980 and 1984
- Rule-of-Thumb Statistical Models for Presidential Voting Outcomes
- Evidence from the Surveys
- Implications for the Future of Conservative Republicanism
- 4. Public Concern about Inflation and Unemployment
- III. The Supply of Economic Outcomes
- 7. Political Parties and Macroeconomic Policies and Outcomes
- The Party Cleavage Model
- Unemployment and Real Output under the Parties
- Empirical Results for the Models
- Distributional Outcomes under the Parties
- Macroeconomic Policies
- 8. Political Business Cycles
- The Theory of Election Cycles
- Empirical Analysis of Election Cycles
- Election Cycles and Partisan Cycles
- Politics and the Economy
- 9. Macroeconomic and Distributional Outcomes during Reagan’s First Four Years
- Macroeconomic Goals, Policies, and Outcomes under Reagan
- Distributional Politics and Partisan Cleavages in Congress
- Distributional Consequences of the Reagan Fiscal Program
- The Legacy of Reaganomics to the American Political Economy
- 7. Political Parties and Macroeconomic Policies and Outcomes
- Notes
- Index
The American Political Economy
Macroeconomics and Electoral Politics
Product Details
PAPERBACK
$50.00 • £43.95 • €45.95
ISBN 9780674027367
Publication Date: 03/15/1989
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