제목40권 1호 The political economy of U.S. economic performance: is the president responsible?
작성자성희 전조회수11날짜2018/07/16
첨부파일 10.1007_s40483-013-0003-0.pdf

Abstract

A recurring theme in electoral politics is that American voters hold the president responsible for the state of the economy. Ironically, many Presidency scholars argue that presidents are ill equipped to manage the economy because other variables compete with and complicate the effects of fiscal policy. These include international variables,private market forces, and monetary policy, among others. Using simultaneous equation methods, we examine the direct and indirect effects of fiscal policy on economic performance while controlling for a variety of other determinants of economic performance. We find that fiscal policy plays a significant role in influencing unemployment and economic growth in the United States, even after controlling for a variety of other determinants of economic performance. We close by discussing the importance of linking the econometric modeling literature with the literature on presidential management of the economy.

 

Keywords

Fiscal policy, Economic performance, Presidential management of the economy10.1007_s40483-013-0003-0

이전글40권 1호 Rising earnings inequality and the role of education revisited
다음글40권 1호 The contribution of environmental, social, and governance disclosure to a sustainable economy