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Fiscal policy and presidential elections, 1880-1992: Research note
Journal article   Peer reviewed

Fiscal policy and presidential elections, 1880-1992: Research note

Alfred G. Cuzán and Charles M. Bundrick
Polity, Vol.29, pp.141-156
29
1996
Web of Science ID: WOS:000168745700006

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Abstract

Fiscal policy is both a contributor to and an effect of presidential electoral fortunes in the United States. An analysis of presidential election results between 1880 and 1992 shows that, except in periods of major war, an increase in the ratio of federal outlays to GNP has a negative effect on presidential reelection independent of inflation or growth rate. Yet even though faced with voters who punish expansion and reward cutbacks, presidents do not react consistently. At most, there is evidence that presidents leave spending levels about the same in their first term and act more boldly to change spending levels up or down only after reelection.

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