Government Partisanship, Labor Organization, and Macroeconomic Performance: A Corrigendum.
نویسندگان
چکیده
منابع مشابه
Monetary Integration, Partisanship, and Macroeconomic Policy
Most of the current literature on macroeconomic policies focus on cyclical phenomena such as politically induced business cycles, and how short-sighted policies can be overcome through proper institutional design. This paper instead focuses on the lasting effects of macroeconomic policies on such “real” economic variables as unemployment and distribution, and we argue that traditional distribut...
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For U.S. annual data that include WWII, the estimated multiplier for defense spending is 0.6-0.7 at the median unemployment rate (while holding fixed average marginal income-tax rates). There is some evidence that the spending multiplier rises with the extent of economic slack and reaches 1.0 when the unemployment rate is around 12%. We cannot estimate reliable multipliers for non-defense purch...
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This paper was delivered at a National Poverty Center conference. Any opinions, findings, conclusions, or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the view of the National Poverty Center or any sponsoring agency.
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We investigate the positive and normative consequences of child-labor restrictions for economic aggregates and welfare. We argue that even though the laissez-faire outcome may be inefficient, there are usually better policies to cure these inefficiencies than the imposition of a child-labor ban. Given this finding, we investigate the potential political-economic reasons behind the emergence and...
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ژورنال
عنوان ژورنال: American Political Science Review
سال: 1993
ISSN: 0003-0554,1537-5943
DOI: 10.2307/2938825