Alesina, Alberto; Londregan, John; Rosenthal, Howard - In: Public Choice 88 (1996) 1-2, pp. 115-25
A model of the two-way relationship between elections and the economy, previously estimated on historical data for 1916-1988, is applied to the United States elections of 1992, 1994, and 1996. The 1992 result was a surprise to the model since the economy had performed reasonably well that...