The American Political Economy : Macroeconomics and Electoral Politics.

Intro -- Contents -- 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 -- 1Postwar 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 -- 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 -- 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 -- Notes -- Index.

A comprehensive and authoritative work on relationships between the economy and politics in the years from Eisenhower through Reagan. Hibbs identifies which groups "win" and "lose" from inflations and recessions and shows how voters' perceptions and reactions to economic events affect the electoral fortunes of political parties and presidents.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.