Partisan Politics, Divided Government, and the Economy

摘要: This book develops an integrated approach to understanding the American economy and national elections. Economic policy is generally seen as result of a compromise between President Congress. Because Democrats Republicans usually maintain polarised preferences on policy, middle-of-the-road voters seek balance by reinforcing in Congress party not holding White House. balancing leads, always, relatively moderate policies and, frequently, divided government. The authors outline rational partisan business cycle, where Republican administrations begin with recessions, Democratic ones expansions, midterm President's loses votes congressional election. argues that both cycles are uncertainty about outcome presidential Other topics covered include retrospective voting economy, coat-tails, incumbency advantage.