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Partisan Cycles in Congressional Elections and the Macroeconomy

Bibliographic Data

ID3403441
AuthorsAlberto Alesina (Harvard University Press), Howard Rosenthal, Howard L Rosenthal (0000-0001-5051-1341, Carnegie Mellon University)
Year1989
Volume83
Issue2
Pages373-398
Publication date1989-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Political Science Review (JOURNAL)
Journal identifiersISSN: 0003-0554 • E-ISSN: 1537-5943
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.2307/1962396
OpenAlexW1967000664
LanguageEN
Citations received103
References cited49

In the postwar United States the president's party has always done worse in the midterm congressional elections than in the previous congressional election. Republican administrations exhibit below-average, and Democratic administrations above-average, economic growth in the first half of each term, whereas in the latter halves the two see equal growth. Our rational expectations model is consistent with these two regularities. In presidential elections, voters choose between two polarized candidates. They then use midterm elections to counterbalance the president's policies by strengthening the opposition in Congress. Since presidents of different parties are associated with different policies, our model predicts a (spurious) correlation between the state of the economy and elections. Our predictions contrast with those of retrospective voting models, in which voters reward the incumbent if the economy is doing well before the election. Our model performs empirically at least as well as, and often better than, alternative models

Democracy · Economics · Opposition (politics · Political economy · Political science · Politics · Presidential system · Spurious relationship · Voting · Electoral Systems and Political Participation · Fiscal Policies and Political Economy · Law · Monetary Policy and Economic Impact · Public Administration

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Unique citing works103
Citations per year2,78
Citation span1989 - 2024 (36)
Citation velocityrecent
Highly citedYes
Citation typesNeutral: 101

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