Stephen M. Miller (Center for Business and Economic Research) published a paper, "U.S. Fiscal Policy and Asset Prices: The Role of Partisan Conflict," in the December issue of the International Review of Finance with  Rangan Gupta, University of Pretoria; Chi Keung Marco Lau, University of Huddersfield; and Mark E. Wohar, University of Nebraska, Omaha, and Loughborough University. This paper adds to the literature on the relationships between fiscal policy and asset prices in the U.S. economy conditional on the degree of partisan conflict. In the paper, the authors analyze whether a higher degree of partisan conflict (legislative gridlock) reduces the efficacy of the effect and response of fiscal policy on and to asset price movements, respectively.