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RAS History & PhilologyРоссийская археология Russian archeology

  • ISSN (Print) 0869-6063
  • ISSN (Online) 3034-5774

US fiscal and monetary policies and their influence on the outcome of 2016 presidential elections

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PII
S207054760013092-8-
DOI
10.18254/S207054760013092-8
Publication type
Article
Status
Published
Authors
Vladimir Vasiliev
Volume/ Edition
Volume / Issue 3
Pages
0
Abstract

The influence of the United States federal government's fiscal and monetary policies on the outcome of the presidential election in 2016 is analyzed. It is stated that the sluggish growth of the US economy in 2016 created for the Democratic Party a real threat of losing the presidential election. Therefore, the federal government has resorted to the use of fiscal stimulus for the formation in the consciousness of American voters the image of accelerating economic growth trend. In a similar way, the Federal Reserve deliberately postponed the increase of the basic federal fund rate for the period after the end of the presidential campaign. These tactics of the Obama administration as a whole was relatively successful, as it allowed the Democrats to get the majority of public votes in the general election on November 8 and to increase the representation of the Democratic fractions in the Senate and House of Representatives of the US Congress.

Keywords
fiscal policy, economic growth, unemployment rate, monetary policy, predictive models, the presidential election
Date of publication
01.12.2016
Year of publication
2016
Number of purchasers
1
Views
1609

References

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