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A New Normal? American Economic Policymaking After The Great Recession

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Abstract

This essay reviews recent literature on American economic policymaking. It first asks, what light can contemporary research on economic policymaking shed on current circumstances? Second, where do policy process researchers go from here? This paper explores the extant literature under three broad themes. The first will deal with the extensive research into income inequality. The second will discuss the electoral implications of economic conditions. The third will analyze the institutional responses to economic developments. The final section will offer suggestions for future scholarship.

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