bokomslag Macroeconomic Policy and Public Choice
Hem & trädgård

Macroeconomic Policy and Public Choice

David Kiefer

Pocket

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  • 275 sidor
  • 1998
Subject of this book is the intersection between political science and macroeconomics. The central idea is the existence of a political economic equilibrium in which the government acts to dampen the business cycle. The election cycle implies that this equilibrium may be a cycle rather than a point. An extension of new Keynesian theory provides a model of endogenous stabilization in which the government practices short-run stabilization policy which dampens the impact of exogenous shocks. This is a situation in which rational voters favor discretionary policy over a fixed policy rule even with rational economic agents. Special attention is given to the relevant data and to the possibilities of hypothesis testing.
  • Författare: David Kiefer
  • Format: Pocket/Paperback
  • ISBN: 9783540648727
  • Språk: Engelska
  • Antal sidor: 275
  • Utgivningsdatum: 1998-11-01
  • Förlag: Springer-Verlag Berlin and Heidelberg GmbH & Co. K