% WARNING: This file may contain UTF-8 (unicode) characters. % While non-8-bit characters are officially unsupported in BibTeX, you % can use them with the biber backend of biblatex % usepackage[backend=biber]{biblatex} @techreport{NBERw4395, title = "Presidential Leadership and the Reform of Fiscal Policy: Learning from Reagan's Role in TRA 86", author = "Inman, Robert P", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "4395", year = "1993", month = "July", doi = {10.3386/w4395}, URL = "http://www.nber.org/papers/w4395", abstract = {The institutions of federal fiscal-policy making seem incapable of confronting the central domestic issues of the day. This paper presents a model of congressional decision-making in which legislators' incentives are contrary to fiscal efficiency. In such an environment, a "strong" president may be able to lead congress away from inefficient budgets. The paper specifies a model of what constitutes a strong president, namely a president with resources to build congressional coalitions and a credible veto to force "all-or-nothing" choices between reform and the inefficient status quo. President Reagan's role in the passage of the Tax Reform Act of 1986 is detailed in the light of this model; the analysis reveals the role of executive resources and the importance of the veto strategy to major fiscal reform.}, }