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Economic Politics
This book raises and addresses questions about the consequences of democratic institutions for economic performance.
Economic Politics in the United States
The book shows how and why democracy has worked well or badly as measured by US macroeconomic performance.
Presidential Impeachment and the New Political Instability in Latin America
Documents the emergence of a pattern of political instability in Latin America. Traditional military coups have receded in the region, but elected presidents are still ousted from power as a result of recurrent crises. Aníbal Pérez-Liñán shows that presidential impeachment has become the main constitutional instrument employed by civilian elites to depose unpopular rulers. Based on detailed comparative research in five countries and extensive historical information, the book explains why crises without breakdown have become the dominant form of instability in recent years and why some presidents are removed from office while others survive in power. The analysis emphasizes the erosion of presidential approval resulting from corruption and unpopular policies, the formation of hostile coalitions in Congress, and the role of investigative journalism. This book challenges classic assumptions in studies of presidentialism and provides important insights for the fields of political communication, democratization, political behaviour, and institutional analysis.
The Politics of Economic Decline
This book originally published in 1979, deals with popular perceptions and expectations of economic trends, popular preferences among economic policies, and the relationships between these and broader aspects of political behaviour like voting, attachment to the party system, and political and social attitudes. The economy has long been held to be a critical determinant of the ability of governments to gain election. This book provides unique evidence about popular expectations of inflation, evaluation of economic management, and preferences among competing economic goals and policies, without which the connection between economic management and electoral success cannot be understood. At the same time, by dealing extensively with electoral survey data for Britain since 1964, the book provides a contemporary history of electoral and political behaviour in an age of unprecedented economic management.
Secrets of the Temple
Reveals how the Federal Reserve under Paul Volcker engineered changes in America's economy.
The Resurgence of Conservatism in Anglo-American Democracies
This work presents analyses by experts on the rise of anew tide of conservative governments in the United States, Canada, and Great Britain in an attempt to find what, if any, common ideologies and programs unite them, with what results, in terms of institutional change and policy direction, have been, and what are the prospects for permanent change.
Democratic Processes and Financial Markets
The authors examine the conditions under which democratic events, including elections, cabinet formations, and government dissolutions, affect asset markets. Where these events have less predictable outcomes, market returns are depressed and volatility increases. In contrast, where market actors can forecast the result, returns do not exhibit any unusual behavior. Further, political expectations condition how markets respond to the political process. When news causes market actors to update their political beliefs, market actors reallocate their portfolios, and overall market behavior changes. To measure political information, Professors Bernhard and Leblang employ sophisticated models of the political process. They draw on a variety of models of market behavior, including the efficient markets hypothesis, capital asset pricing model, and arbitrage pricing theory, to trace the impact of political events on currency, stock, and bond markets. The analysis will appeal to academics, graduate students, and advanced undergraduates across political science, economics, and finance.
Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity
In this important book, William J. Baumol, Robert E. Litan, and Carl J. Schramm contend that the answers to these questions lie within capitalist economies, though many observers make the mistake of believing that "capitalism" is of a single kind. Writing in an accessible style, the authors dispel that myth, documenting four different varieties of capitalism, some "Good" and some "Bad" for growth. The authors identify the conditions that characterize Good Capitalism--the right blend of entrepreneurial and established firms, which can vary among countries--as well as the features of Bad Capitalism. They examine how countries catching up to the United States can move faster toward the economic frontier, while laying out the need for the United States itself to stick to and reinforce the recipe for growth that has enabled it to be the leading economic force in the world. This pathbreaking book is a must read for anyone who cares about global growth and how to ensure America's economic future.
Political Cycles and the Macroeconomy
This book examines how electoral laws, the timing of election, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy. The book presents both a thorough overview of the theoretical literature and a vast amount of empirical evidence.
