Article

Voting and the Macroeconomy

Douglas A. Hibbs

in The Oxford Handbook of Political Economy

Published in print June 2008 | ISBN: 9780199548477
Published online September 2009 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199548477.003.0031

Series: Oxford Handbooks of Political Science

 Voting and the Macroeconomy

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This article discusses voting and the macroeconomy and focuses on its more important developments. It studies two views of economic voting, which are prospective and retrospective. This is followed by a section on empirical implementation, where pure prospective voting, pure retrospective voting, and prospective voting are introduced. The article also examines individual electoral choices and aggregate vote shares, and clarifies responsibility in macroeconomy.

Keywords: voting; macroeconomy; economic voting; prospective; retrospective; empirical implementation; electoral choices; aggregate vote shares; responsibility

Article.  8715 words. 

Subjects: Politics ; Political Economy ; Political Institutions

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