Abstract

In this essay I selectively review the evolution of the ‘Partisan Theory’ of macroeconomic policies and outcomes over the last fifteen years. Special attention is given to the rejuventation of this class of political-economic models by the research of Henry Chappell and William Keech and, especially, Alberto Alesina and collaborators on what is known as ‘Rational Partisan Theory’. I point out that Rational Partisan Theory has yet to be subjected to adequate empirical tests and I identify obvious ways by which such tests could readily be undertaken. The paper closes by suggesting a couple of additional directions in which Partisan Theory might be advanced further

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