Partisan policies, macroeconomic performance and political support
Article Abstract:
A voter model was created to study the relationship between partisan policies, macroeconomic performance and political support. The model, which takes into consideration vote decisions based on economic problem and incumbent's economic performance, revealed that positive economic outcomes tend to be beneficial to incumbents. It also showed that Republican presidents tend to suffer less from inflation than their Democratic counterparts.
Publication Name: Journal of Macroeconomics
Subject: Economics
ISSN: 0164-0704
Year: 1998
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A model of exchange rate crises with Partisan Governments
Article Abstract:
This paper investigates the consequences of elections on the capacity of governments to defend a fixed parity in the presence of output shocks. It demonstrates that the political uncertainty associated with elections may significantly modify the reactions of governments in a way that may be interpreted as opposite to their ideology. It also shows that the probability that a devaluation occurs increases significantly after an election.
Publication Name: Journal of Macroeconomics
Subject: Economics
ISSN: 0164-0704
Year: 2001
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The optimal response of consumption, investment, and debt accumulation to an exogenous shock when the world interest rate is endogenous
Article Abstract:
Research indicates the endogenous world interest rate decreases the level at which a nation utilizes debt to smooth consumption transition, and also correlates to a lesser extent to investment. The studies examine both a temporary and a permanent rise in the price of an imported production input.
Publication Name: Journal of Macroeconomics
Subject: Economics
ISSN: 0164-0704
Year: 1997
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