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Crises, Structures, and Managerial Choice in Economic Policy Making

Presidential Management of Macroeconomic Policy in Argentina and the United States

Bibliographic Data

ID12000239
AuthorsAlejandro Bonvecchi (0000-0001-9505-1430, corresponding author)
Year2016
Volume46
Issue3
Pages507-530
Publication date2016-07-28
Open AccessYes
TypeARTICLE
VenuePresidential Studies Quarterly (JOURNAL)
Journal identifiersISSN: 0360-4918 • E-ISSN: 1741-5705
PublisherWiley (PUBLISHER • GB)
DOI10.1111/psq.12293
OpenAlexW2504446016
LanguageEN
Citations received1
References cited29

What explains presidential choices of management structures for economic policy making? The literature on the organization of the presidency has proposed two main answers: personality traits or institutional constraints. But management structures change less than expected from variation in presidential personalities, more than expected from institutional stability, and not necessarily triggered by crises. This paper offers an alternative, cognitive‐based theory of presidential management choices. When economic crises are rare, presidents usually institutionalize collegial management structures; when crises are more frequent, they generally switch to hierarchical structures. The theory is tested by comparing management structures in Argentina and the United States

Economic system · Economics · Personality · Personality psychology · Political economy · Political science · Politics · Presidency · Presidential system · Corruption and Economic Development · Culture, Economy, and Development Studies · Economic Theory and Institutions · Law · Psychology · Public Administration · Social Psychology

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Citations per year0.2
Citation span2021 - 2021 (1)
Highly citedNo

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