Macroeconomic Policy, Credibility and Politics PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Macroeconomic Policy, Credibility and Politics PDF full book. Access full book title Macroeconomic Policy, Credibility and Politics by Torsten Persson. Download full books in PDF and EPUB format.
Author: Torsten Persson
Publisher: Psychology Press
ISBN: 0415269253
Category : Macroeconomics
Languages : en
Pages : 200
Get Book Here
Book Description
First published in 2001. Routledge is an imprint of Taylor & Francis, an informa company.
Author: Torsten Persson
Publisher: Psychology Press
ISBN: 0415269253
Category : Macroeconomics
Languages : en
Pages : 200
Get Book Here
Book Description
First published in 2001. Routledge is an imprint of Taylor & Francis, an informa company.
Author: T. Persson
Publisher: Routledge
ISBN: 1135645590
Category : Business & Economics
Languages : en
Pages : 200
Get Book Here
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: 9781135305949
Category : Macroeconomics
Languages : en
Pages : 187
Get Book Here
Book Description
Author: Sarah Binder
Publisher: Princeton University Press
ISBN: 069119159X
Category : Business & Economics
Languages : en
Pages : 301
Get Book Here
Book Description
An in-depth look at how politics and economics shape the relationship between Congress and the Federal Reserve Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence marshals archival sources, interviews, and statistical analyses to trace the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed’s past, present, and future and challenge the myth of its independence.
Author: Alan Marin
Publisher: Routledge
ISBN: 1135305994
Category : Business & Economics
Languages : en
Pages : 206
Get Book Here
Book Description
First published in 1990. Routledge is an imprint of Taylor & Francis, an informa company.
Author: Peter J. N. Sinclair
Publisher: Routledge
ISBN: 1135179778
Category : Business & Economics
Languages : en
Pages : 402
Get Book Here
Book Description
Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.
Author: Jana Grittersova
Publisher: University of Michigan Press
ISBN: 0472123084
Category : Political Science
Languages : en
Pages : 311
Get Book Here
Book Description
Nations with credible monetary regimes borrow at lower interest rates in international markets and are less likely to suffer speculative attacks and currency crises. While scholars typically attribute credibility to domestic institutions or international agreements, Jana Grittersová argues that when reputable multinational banks headquartered in Western Europe or North America open branches and subsidiaries within a nation, they enhance that nation’s monetary credibility. These banks enhance credibility by promoting financial transparency in the local system, improving the quality of banking regulation and supervision, and by serving as private lenders of last resort. Reputable multinational banks provide an enforcement mechanism for publicized economic policies, signaling to international financial markets that the host government is committed to low inflation and stable currency. Grittersová examines actual changes in government behavior of nations trying to gain legitimacy in international financial markets, and the ways in which perceptions of these nations change in relation to multinational banks. In addition to quantitative analysis of over 80 emerging-market countries, she offers extensive case studies of credibility building in the transition countries of Eastern Europe, Argentina in 2001, and the global financial crisis of 2008. Grittersová illuminates the complex interactions between multinational banks and national policymaking that characterize the process of financial globalization to reveal the importance of market confidence in a world of mobile capital.
Author: Torsten Persson
Publisher:
ISBN:
Category : Economic stabilization
Languages : en
Pages : 50
Get Book Here
Book Description
Wage and price controls have a long and somewhat disreputable history, presumably because of their frequent use in many countries as short run substitutes for measure~ with more lasting effects on the inflation rate. But, in 1985 and 1986, Argentina, Brazil, and Israel used extensive wage-price controls as part of more comprehensive disinflation programs, .often labeled "heterodox" stabilization programs. To date, the Israeli stabilization seems to have succeeded, while the Argentinean and Brazilian stabi1izations have clearly ended in failure. This experience raises many questions. One view is that controlling one nominal variable, namely the money supply, is enough to bring down inflation provided that sound fiscal policies are also adopted. Therefore, wage and price controls should be avoided, because of their microeconomic costs. It is clear that controls do have microeconomic costs, but can they also have macroeconomic benefits? Under which circumstances do controls help in bringing down inflation, and when do they just suppress it temporarily? What is the required supporting role of fiscal and monetary policy while they are in place? These are the issues addressed in this paper.
Author: Torsten Persson
Publisher:
ISBN:
Category : Macroeconomics
Languages : en
Pages : 0
Get Book Here
Book Description
Author: H. Wolf
Publisher: Springer
ISBN: 134926072X
Category : Business & Economics
Languages : en
Pages : 232
Get Book Here
Book Description
This volume contains chapters on a range of topics which include economic methodology in macroeconomics, central bank independence, policy signalling, public policy as second best analysis, the determinants of economic growth, a continuum approach to unemployment policy, and pensions. The volume dispels the notion that these are largely unrelated issues and illustrates the merger process which is taking place between hitherto rather separate economic sub-disciplines. They move the focus of attention and challenge received wisdom.
