Elections and Macroeconomic Policy Optimization
Bibliographic Data
| ID | 6232157 |
|---|---|
| Authors | William R Keech (corresponding author) |
| Year | 1980 |
| Volume | 24 |
| Issue | 2 |
| Pages | 345 |
| Publication date | 1980-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | American Journal of Political Science (JOURNAL) |
| Journal identifiers | ISSN: 0092-5853 • E-ISSN: 1540-5907 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2110869 |
| OpenAlex | W2332214970 |
| Language | EN |
| Citations received | 21 |
| References cited | 18 |
This paper investigates the implications of electoral politics for public policymaking on inflation, unemployment, and per capita income and identifies three mechanisms by which electoral incentives can affect the quality of these policy outcomes. The first is based on party differences, the second on cycles following electoral periods, and the third on the long-term consequences of short-run decision-making. Existing research does not support robust conclusions, whether positive or negative, about the optimizing consequences of electoral incentives. The arguments do, however, demonstrate that a fair and open electoral process does not necessarily lead to desirable policy results
Affect (linguistics · Economics · Incentive · Inflation (cosmology · Macroeconomics · Microeconomics · Per capita · Per capita income · Political science · Politics · Public economics · Quality (philosophy · Unemployment · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact
Ideological Change in the U. S. Senate
Political business cycles 40 years after Nordhaus
A comparison of incumbent security in the House and Senate
Toward a Political-Economic Accounting of the Endurance of Cabinet Administrations
The international economy as a constraint on U. S. macroeconomic policymaking
The Keynesian and Political Determinants of Unbalanced Budgets
The Interplay of Ideology and Advice in Economic Policy-Making
The Liberal Hour
Evaluating Economic Policy
Partisan Moods
How does government performance influence political support
The Role of Presidential Ideology in Economic Policymaking
Reaction Functions, Optimization, and Politics
How Lasting Is Voter Gratitude? An Analysis of the Short‐ and Long‐Term Electoral Returns to Beneficial Policy
The Growth of Government in the United States
Economic ‘Stagflation’ and Public Support for the Political System
Must Liberals Always Vote for Liberals and Need the More Competent Candidate Always Be Preferred
Political Strategies for Economic Manipulation
Economic Expectations and Voting Behavior in United States House and Senate Elections
Economic Voting and the "Symbolic Politics" Argument
Candidate Motivation
In search of global patterns
Candidates with policy preferences
Class Conflict and Macro-Policy
The Political Business Cycle
Capitalism, Socialism and Democracy
An Empirical Study of Politico-Economic Interaction in the United States
Political Control of the Economy
Social choice and economic growth
Nobel Lecture
A Political Model of the Business Cycle
Phillips Curves, Expectations of Inflation and Optimal Unemployment over Time
The Economic Policies of European Governments, Part II
The Economic Policies of European Governments, Part I
The Social Function of Social Science
Political Ambitions, Volunteerism, and Electoral Accountability
Parties as Utility Maximizers
Inflation, Unemployment, and Left-Wing Political Parties
Political Parties and Macroeconomic Policy
| Unique citing works | 21 |
|---|---|
| Citations per year | 0,47 |
| Citation span | 1981 - 2016 (36) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 21 |