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Fabio Milani is an Associate Professor in the Department of Economics at the University of California, Irvine. He obtained his Ph.D. in Economics from Princeton University in 2006 and a B.A. in Economics from Bocconi University in Milan, Italy, in 2000. His research is in the areas of macroeconomics and monetary economics.
SHARE Thursday, October 18, 2012 "It's the economy, stupid". But Presidents have less to do with it than you think.
"It's the economy, stupid". The historical experience shows that voters base their decisions on the state of the economy in the few months immediately preceding Presidential elections.
But Presidents' influence on the economy is much smaller than most voters think.