LEADER 04135nam 2200733 450 001 9910460976803321 005 20200520144314.0 010 $a1-60649-533-X 035 $a(CKB)3710000000434637 035 $a(EBL)2068790 035 $a(OCoLC)914394585 035 $a(CaBNVSL)swl00405291 035 $a(MiAaPQ)EBC2068790 035 $a(Au-PeEL)EBL2068790 035 $a(CaPaEBR)ebr11076405 035 $a(CaONFJC)MIL798842 035 $a(EXLCZ)993710000000434637 100 $a20150724d2015 fy 0 101 0 $aeng 135 $aur|n|---||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aU.S. politics and the American macroeconomy /$fGerald T. Fox 205 $aFirst edition. 210 1$aNew York, New York (222 East 46th Street, New York, NY 10017) :$cBusiness Expert Press,$d2015. 215 $a1 online resource (196 p.) 225 1 $aEconomics collection,$x2163-7628 300 $aDescription based upon print version of record. 311 $a1-60649-532-1 320 $aIncludes bibliographical references (pages 175-176) and index. 327 $a1. Introduction: political macroeconomy -- 2. Macroeconomic measurements and the business cycle -- 3. Mainstream macroeconomic theory and the expectational Phillips curve model -- 4. Fiscal and monetary policies -- 5. Voter rationality and macroeconomic preferences -- 6. Electoral political business cycle -- 7. Partisan political business cycle -- 8. Evidence of electoral and partisan cycles -- 9. Other PBC considerations regarding macroeconomic policy -- 10. Economic influence on public sentiment and voter behavior -- 11. Conclusion -- References -- Index. 330 3 $aThis book considers the interrelation among macroeconomic politics, macroeconomic policymakers, macroeconomic policies, and macroeconomic performance. This interaction is examined using the expectational Phillips curve model, which measures macroeconomic outcomes in terms of inflation and unemployment. In this book, the subject of macroeconomic politics mainly focuses on voter behavior, presidential re-election ambition, and political party priorities. These factors influence the macroeconomic policy actions of the president, Congress, and the central bank. This analysis takes into account both fiscal and monetary policies. Our examination of citizen sentiment is based on rational voter theory and the median voter model. We compare the effects of macroeconomic farsightedness versus shortsightedness among voters. We also contrast the conservative versus liberal perspectives on macroeconomic policy and performance. The empirical component of our analysis examines the electoral and partisan political business cycle effects upon the U.S. economy, and we find evidence of idiosyncratic effects during the time frame of 1961 through 2014. Finally, we discuss macroeconomic influence on various measures of voter sentiment, such as presidential job approval as well as presidential and congressional election outcomes. 410 0$aEconomics collection.$x2163-7628 517 3 $aUnited States politics and the American macroeconomy. 606 $aMacroeconomics 606 $aPhillips curve 607 $aUnited States$xEconomic policy$y2009- 608 $aElectronic books. 610 $aclassical macroeconomic perspective 610 $acongressional vote 610 $aelectoral cycle 610 $aexpectations-augmented Phillips curve 610 $afiscal policy 610 $ainflation 610 $aKeynesianism 610 $amedian voter model 610 $amonetary policy 610 $apartisan cycle 610 $apolitical business cycle 610 $apresidential approval 610 $apresidential vote 610 $aunemployment 615 0$aMacroeconomics. 615 0$aPhillips curve. 676 $a330.973 700 $aFox$b Gerald T.$0866069 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910460976803321 996 $aU.S. politics and the American macroeconomy$92067913 997 $aUNINA