This paper looks at several developments that have taken place in domestic politics on Taiwan since the election of Chen Shui-bian as president of the Republic of China on Taiwan in 1998. After discussing the political successes and failures of the incumbent Chen administration, it analyses its...

This paper explores the extent to which human capital improves the economic policy competence of U.S. presidents. Several recent studies have used international data to test similar hypotheses. However, international studies suffer from a variety of comparability issues, not all of which can be...

Although citizens often arrive at the same views as their party's leaders, they also respond to information about policy targets and effects. Accounting for political context encourages a variable view of how partisanship shapes opinions in policy debates. In three survey experiments associated...

This paper surveys the recent literature on the theory of macroeconomic policy. We study the effect of various incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and divided government. The survey is organized in three...

There is an extensive empirical literature on political business cycles, but its theoretical foundations are grounded in pre-rational expectations macroeconomic theory. Here we show that electoral cycles in taxes, government spending and money growth can be modeled as an equilibrium signaling...