{"corpus_id":14054436,"paper_sha":"a03418ffd28c087b42c02b23da059952db16a70d","doi":"10.2307/1961490","arxiv_id":null,"pmid":null,"pmcid":null,"mag_id":2030172216,"dblp_id":null,"acl_id":null,"title":"Political Parties and Macroeconomic Policy","year":1977,"publication_date":"1977-12-01","venue":"American Political Science Review","journal":{"name":"American Political Science Review","pages":"1467 - 1487","volume":"71"},"journal_issn":null,"journal_title":null,"publication_types":[],"pubmed_pub_types":null,"s2_fields_of_study":["Economics","Political Science"],"reference_count":29,"citation_count":3033,"influential_citation_count":135,"is_open_access":false,"arxiv_categories":null,"arxiv_license":null,"arxiv_journal_ref":null,"mesh_headings":null,"chemicals":null,"comments_corrections":null,"source_flags":1,"s2_open_access_pdf_url":null,"s2_open_access_landing_url":null,"s2_open_access_license":null,"s2_open_access_status":null,"pmc_open_access_pdf_url":null,"pmc_open_access_landing_url":null,"pmc_open_access_license":null,"pmc_open_access_status":null,"unpaywall_open_access_pdf_url":null,"unpaywall_open_access_landing_url":null,"unpaywall_open_access_license":null,"unpaywall_open_access_status":null,"abstract":"This study examines postwar patterns in macroeconomic policies and outcomes associated with left-and right-wing governments in capitalist democracies. It argues that the objective economic interests as well as the subjective preferences of lower income and occupational status groups are best served by a relatively low unemployment-high inflation macroeconomic configuration, whereas a comparatively high unemployment-low inflation configuration is compatible with the interests and preferences of upper income and occupational status groups. Highly aggregated data on unemployment and inflation outcomes in relation to the political orientation of governments in 12 West European and North American nations are analyzed revealing a low unemployment-high inflation configuration in nations regularly governed by the Left and a high unemployment-low inflation pattern in political systems dominated by center and rightist parties. Finally, time-series analyses of quarterly postwar unemployment data for the United States and Great Britain suggests that the unemployment rate has been driven downward by Democratic and Labour administrations and upward by Republican and Conservative governments. The general conclusion is that governments pursue macroeconomic policies broadly in accordance with the objective economic interests and subjective preferences of their class-defined core political constituencies.","claims":[{"public_id":"cl_f034cae106b7ddbd9f6e0d7545c05abc","status":"active","text":"Governments generally pursue macroeconomic policies in line with the objective economic interests and subjective preferences of their class-defined core political constituencies.","confidence":0.91,"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/claims/cl_f034cae106b7ddbd9f6e0d7545c05abc"},{"public_id":"cl_22f99f80bf67eae964df19990b1d4479","status":"active","text":"Postwar macroeconomic outcomes differ systematically with government ideology across capitalist democracies, with left-governed countries showing a low unemployment-high inflation configuration and center/right-dominated systems showing a high unemployment-low inflation pattern.","confidence":0.97,"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/claims/cl_22f99f80bf67eae964df19990b1d4479"},{"public_id":"cl_08132dc0614cddd2d54a02b027122437","status":"active","text":"Quarterly postwar unemployment time-series for the United States and Great Britain indicate that Democratic and Labour administrations tend to reduce unemployment, whereas Republican and Conservative governments tend to increase it.","confidence":0.95,"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/claims/cl_08132dc0614cddd2d54a02b027122437"}],"concepts":[{"public_id":"co_05ec06dc18c3e19b2100d185f506ffd7","status":"active","name":"quarterly postwar unemployment data","description":"Unemployment measurements collected every quarter in the postwar period.","types":["time-series data"],"aliases":[],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_05ec06dc18c3e19b2100d185f506ffd7"},{"public_id":"co_18ff398f4a55a8b0dc0a896edd146244","status":"active","name":"center and rightist parties","description":"Political parties located at the center or right of the ideological spectrum.","types":["political parties"],"aliases":["center parties","rightist parties"],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_18ff398f4a55a8b0dc0a896edd146244"},{"public_id":"co_2e5af3fc703cf5cb565204cfe2db5ebd","status":"active","name":"class-defined core political constituencies","description":"The main voter or supporter groups associated with a party's social class base.","types":["political constituency"],"aliases":[],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_2e5af3fc703cf5cb565204cfe2db5ebd"},{"public_id":"co_36690f1c422b156d57927d405c43b7b4","status":"active","name":"Democratic and Labour administrations","description":"Government administrations led by the Democratic Party in the United States or the Labour Party in Great Britain.","types":["government administrations"],"aliases":["Democratic administrations","Labour administrations"],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_36690f1c422b156d57927d405c43b7b4"},{"public_id":"co_52e012a729b8da4b091dd4f35982f0bb","status":"active","name":"Republican and Conservative governments","description":"Government administrations led by the Republican Party in the United States or the Conservative Party in Great Britain.","types":["government administrations"],"aliases":["Republican governments","Conservative governments"],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_52e012a729b8da4b091dd4f35982f0bb"},{"public_id":"co_635dc626227e15e7a8b76c1f1e36857e","status":"active","name":"unemployment and inflation outcomes","description":"Observed levels and combinations of unemployment and inflation used to characterize macroeconomic performance.","types":["economic indicators"],"aliases":["unemployment outcomes","inflation outcomes"],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_635dc626227e15e7a8b76c1f1e36857e"},{"public_id":"co_80b5bfe5a81c50dea17c6a92e1afe410","status":"active","name":"postwar macroeconomic policies","description":"Macroeconomic policy choices and outcomes in the period after World War II.","types":["policy domain"],"aliases":[],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_80b5bfe5a81c50dea17c6a92e1afe410"},{"public_id":"co_c2493e84a33ed08fe346cf58de813faf","status":"active","name":"high unemployment-low inflation configuration","description":"A macroeconomic pattern combining relatively high unemployment with relatively low inflation.","types":["macroeconomic configuration"],"aliases":[],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_c2493e84a33ed08fe346cf58de813faf"},{"public_id":"co_cd1e15b38a261a3cfbe045feada401a9","status":"active","name":"objective economic interests","description":"Material economic interests associated with income and occupational status groups.","types":["social-economic concept"],"aliases":[],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_cd1e15b38a261a3cfbe045feada401a9"},{"public_id":"co_d2e0f4b9a3400561ab97bc9e097a64ec","status":"active","name":"left-and right-wing governments","description":"Governments identified by their political orientation toward the left or the right.","types":["political orientation"],"aliases":["left-wing governments","right-wing governments"],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_d2e0f4b9a3400561ab97bc9e097a64ec"},{"public_id":"co_dcb2762aa3b388bf7151ecf512e8df6f","status":"active","name":"macroeconomic policies","description":"Government actions and settings that influence aggregate unemployment and inflation.","types":["policy"],"aliases":[],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_dcb2762aa3b388bf7151ecf512e8df6f"},{"public_id":"co_ef8fb26f810f5b953c08f60b006323bc","status":"active","name":"low unemployment-high inflation configuration","description":"A macroeconomic pattern combining relatively low unemployment with relatively high inflation.","types":["macroeconomic configuration"],"aliases":[],"contributors":[{"id":1,"public_id":"12632b8b5f","public_label":"Anonymous (12632b8b5f)","roles":["extraction"],"url":"https://sah.borca.ai/u/12632b8b5f"}],"url":"https://sah.borca.ai/concepts/co_ef8fb26f810f5b953c08f60b006323bc"}],"external_ids":{"DOI":"10.2307/1961490","ArXiv":null,"PubMed":null,"PubMedCentral":null,"MAG":2030172216,"DBLP":null,"ACL":null},"open_access":{"is_open_access":false,"pdf_url":null,"landing_url":"https://sah.borca.ai/papers/14054436","source":null,"pdf_url_source":null,"license":null,"reason":"pdf_url_not_indexed"},"reference_availability":{"status":"available","references_indexed":true,"full_text_available":false,"full_text_source":null,"count_basis":"semantic_scholar_metadata","extraction_status":"not_applicable","reason":null},"source":{"provider":"episteme2","base_corpus":"semantic_scholar_dump","freshness_mode":"unknown","basis":["semantic_scholar_metadata","postgres_metadata"],"limits":["paper metadata is based on indexed upstream scholarly datasets","claims and concepts are available only for extracted papers","absence of claims or concepts means no extracted graph data is available in this response"],"status":"available","degraded":false,"degraded_reasons":[],"diagnostics":{"status":"available","degraded":false,"degraded_reasons":[],"metadata_status":"available","graph_status":"available","abstract_status":"available"},"source_flags":1},"paper_id":636918,"paper_uid":"8b93f8cf-bfc5-470f-84e0-54b3315417c6","canonical_identity":{"paper_id":636918,"paper_uid":"8b93f8cf-bfc5-470f-84e0-54b3315417c6","identity_status":"available","lookup_basis":"semantic_scholar_external_id","compatibility_path":"corpus_id"},"url":"https://sah.borca.ai/papers/14054436"}