Why are Presidential Regimes Bad for the Economy?

Recent evidence suggests that macroeconomic outcomes are inferior in countries operating under presidential regimes compared with those with parliaments. This book considers why presidential regimes, in particular, are so bad for the economy and contributes to literature on political economics, macroeconomics and forms of government.

Autorentext

Dr Richard McManus is Director of Research Development at Christ Church Business School and is Reader in Macroeconomic Policy. His main research interests are in the area of the impact of government on macroeconomic outcomes.

Gulcin Ozkan is Professor of Finance at King's College, London. Her research focuses on the intersection of macroeconomics and finance covering issues such as financial crises, financial stability, monetary and macroprudential policies, emerging markets, public debt, fiscal policy, and financial constraints, and the economics of constitutions.

Inhalt

1. Introduction and overview 2. Constitutions, form of government, and macroeconomic outcomes 3. Forms of government and political, legal, and economic institutions 4. How do constitutions influence macroeconomic outcomes? 5. Discussion and conclusions