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Partisan policies, macroeconomic performance and political support

Article Abstract:

A voter model was created to study the relationship between partisan policies, macroeconomic performance and political support. The model, which takes into consideration vote decisions based on economic problem and incumbent's economic performance, revealed that positive economic outcomes tend to be beneficial to incumbents. It also showed that Republican presidents tend to suffer less from inflation than their Democratic counterparts.

Political organizations, Economics, Research and Development in the Social Sciences and Humanities, Analysis, Economic research, Macroeconomics, Party affiliation

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A model of exchange rate crises with Partisan Governments

Article Abstract:

This paper investigates the consequences of elections on the capacity of governments to defend a fixed parity in the presence of output shocks. It demonstrates that the political uncertainty associated with elections may significantly modify the reactions of governments in a way that may be interpreted as opposite to their ideology. It also shows that the probability that a devaluation occurs increases significantly after an election.

Brief Article, Politics

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The optimal response of consumption, investment, and debt accumulation to an exogenous shock when the world interest rate is endogenous

Article Abstract:

Research indicates the endogenous world interest rate decreases the level at which a nation utilizes debt to smooth consumption transition, and also correlates to a lesser extent to investment. The studies examine both a temporary and a permanent rise in the price of an imported production input.

Interest Rates, Statistical Data Included, Investments, Consumption (Economics), Debt

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