U.S. politics and the American macroeconomy
By: Gerald T. Fox
Edition: First edition.
Series: Economics collection; Economics collection
Publisher: Business Expert Press
Published: 2015
Language: eng
Number of pages: 181
ISBN-13: 9781606495322
Subjects: Macroeconomics; Economic policy; Economics
Other titles: United States politics and the American macroeconomy
Description: This book considers the interrelations 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. The subject of macroeconomic politics mainly focuses on voter behavior, presidential re-election ambition, and political party priorities. These political factors influence the macroeconomic policy actions of the president, Congress, and the central bank; the analysis takes into account both fiscal and monetary policies.
Notes: Includes bibliographical references and index.