Author: T. Persson
Publisher: Routledge
ISBN: 1135645590
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
Uses a game theoretic approach to explore which economic policies are 'credible' and 'politically feasible', questions that had eluded traditional macroeconomic approaches.
Author: Torsten Persson
Publisher:
ISBN:
Category : Macroeconomics
Languages : en
Pages : 0
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Book Description
Author: Torsten Persson
Publisher:
ISBN: 9781135305949
Category : Macroeconomics
Languages : en
Pages : 187
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Book Description
Author: Alan Marin
Publisher: Routledge
ISBN: 9781135305987
Category : Business & Economics
Languages : en
Pages : 195
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Book Description
First published in 1990. Routledge is an imprint of Taylor & Francis, an informa company.
Author: Torsten Persson
Publisher:
ISBN: 9780415269070
Category :
Languages : en
Pages : 187
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Book Description
Author: Torsten Persson
Publisher: MIT Press
ISBN: 9780262660884
Category : Business & Economics
Languages : en
Pages : 476
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Book Description
This is the first of two volumes on a theory of macroeconomic policy that analyzes which policies are credible or politically feasible. Instead of looking at policy as an end product, the contributors approach policy as an ongoing process of revised goals, changes in tactics, and political pressures. They consider what kinds of incentives within different institutional settings, drive policy-making and the behaviour of policy-makers. The approach explains why certain monetary and fiscal policies are implemented, and provides insights into situations that occur repeatedly in macroeconomic policy, such as the bias toward government deficits, partisan competition and central bank independence.
Author: Irfan Nooruddin
Publisher: Cambridge University Press
ISBN: 1139494023
Category : Political Science
Languages : en
Pages : 267
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Book Description
Coalition Politics and Economic Development challenges the conventional wisdom that coalition government hinders necessary policy reform in developing countries. Irfan Nooruddin presents a fresh theory that institutionalized gridlock, by reducing policy volatility and stabilizing investor expectations, is actually good for economic growth. Successful national economic performance, he argues, is the consequence of having the right configuration of national political institutions. Countries in which leaders must compromise to form policy are better able to commit credibly to investors and therefore enjoy higher and more stable rates of economic development. Quantitative analysis of business surveys and national economic data together with historical case studies of five countries provide evidence for these claims. This is an original analysis of the relationship between political institutions and national economic performance in the developing world and will appeal to scholars and advanced students of political economy, economic development and comparative politics.
Author: John H. Wood
Publisher: Routledge
ISBN: 1135970149
Category : Business & Economics
Languages : en
Pages : 280
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Book Description
This book examines the controlling influences that drive macroeconomic policies in the United States. It addresses the history of the interests, ideas, and practices of monetary and fiscal policies in the United States.
Author: Mr.Paul R. Masson
Publisher: International Monetary Fund
ISBN: 1451971818
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
Standard models of policy credibility, defined as the expectation that an announced policy will be carried out, emphasize the preferences of the policymaker, and the role of tough policies in signalling toughness and raising credibility. Whether a policy is carried out, however, will also reflect the state of the economy. We present a model in which a policymaker maintains a fixed parity in good times, but devalues if the unemployment rate gets too high. Our main conclusion is that if there is persistence in unemployment, observing a tough policy in a given period may lower rather than raise the credibility of a no-devaluation pledge in subsequent periods. We test this implication on data for the interest rate differential between France and Germany and find support for our hypothesis.
Author: Richard Burdekin
Publisher:
ISBN: 9780203300503
Category : Economic stabilization
Languages : en
Pages : 234
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Book Description
The authors explore the interaction between confidence and the credibility of the government's financial policies. It will be an invaluable guide for all those interested in macroeconomic policy.
