According to the author the US economy is not in such a bad condition as usually depicted, but the relapse into a severe recession and uncertainty after thirty years of uninterrupted upward movements has been shocking. President Ford, although facing a self-assertive Congress, with his gradual...

U.S. presidential approval is a topic that has long attracted the interest of political pundits, journalists, candidates and voters. Academic studies of presidential approval have been dominated by political scientists while economists have focused on the president’s political party and...

U.S. presidential approval is a topic that has long attracted the interest of political pundits, journalists, candidates and voters. Academic studies of presidential approval have been dominated by political scientists while economists have focused on the president’s political party and...

In 2007, the Senate began using pro forma sessions in an attempt to curtail the President's recess-appointment power. On January 4, 2012, President Obama challenged the propriety of pro forma sessions by issuing four recess appointments. Due to the nature of the appointments, a constitutional...

Das Handwerk gilt in Hinblick auf den Umsatz und die Beschäftigung als Konjunkturstabilisator. Dieser Einschätzung widersprechen allerdings verschiedene wissenschaftliche Untersuchungen. Welche Kräfte hier prozyklisch und welche antizyklisch wirken, lässt sich durch eine...