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Response to G_j (Original post)

Tue Feb 2, 2021, 01:29 PM

8. the NYT, as usual... relies on the work of others.

To be the smartest person in the room the next time this subject is broached, read this:

Blinder and Watson at Princeton published a paper in 2015 documenting the very real phenomenon.


I recommend dl the .pdf, it's the final authority on the topic.


The US economy has performed better when the president of the United States is a Democrat rather than a Republican, almost regardless of how one measures performance. For many measures, including real GDP growth (our focus), the performance gap is large and significant. This paper asks why. The answer is not found in technical time series matters nor in systematically more expansionary monetary or fiscal policy under Democrats. Rather, it appears that the Democratic edge stems mainly from more benign oil shocks, superior total factor productivity (TFP) performance, a more favorable international environment, and perhaps more optimistic consumer expectations about the near-term future. (JEL D72, E23, E32, E65, N12, N42)

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Arrow 22 replies Author Time Post
G_j Feb 2021 OP
no_hypocrisy Feb 2021 #1
Buckeye_Democrat Feb 2021 #3
Buckeyeblue Feb 2021 #5
Tommymac Feb 2021 #7
Buckeye_Democrat Feb 2021 #2
stevesinpa Feb 2021 #13
Harker Feb 2021 #4
tclambert Feb 2021 #15
Harker Feb 2021 #20
Wawannabe Feb 2021 #6
LineReply the NYT, as usual... relies on the work of others.
WarGamer Feb 2021 #8
Hortensis Feb 2021 #9
DFW Feb 2021 #10
Mike 03 Feb 2021 #11
malthaussen Feb 2021 #12
LiberalLovinLug Feb 2021 #14
Bernardo de La Paz Feb 2021 #18
uponit7771 Feb 2021 #21
Dawson Leery Feb 2021 #16
Celerity Feb 2021 #19
Bernardo de La Paz Feb 2021 #17
Vinca Feb 2021 #22
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