Conclusion
The political macroeconomy refers to concepts, issues, and evidence on the interrelation between the economy and various political influences upon fiscal and monetary policies. Several linkages occur among macroeconomic politics, macroeconomic policies, macroeconomic policymakers, and macroeconomic events. Some important political influences on fiscal and monetary policies are partisan economic goals, presidential and Congressional reelection ambition, the president’s influence on the Fed, voter behavior, interest groups, and the media. Political influence on macroeconomic policies involves the interactions among the three policymakers, which are the president, Congress, and the central bank, along with the influence of ...
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