Please note: In order to keep Hive up to date and provide users with the best features, we are no longer able to fully support Internet Explorer. The site is still available to you, however some sections of the site may appear broken. We would encourage you to move to a more modern browser like Firefox, Edge or Chrome in order to experience the site fully.

Supporting your high street Find out how »
Monetary and Fiscal Policy : Credibility, Paperback Book

Monetary and Fiscal Policy : Credibility Paperback

Edited by Torsten (Inst For Intl Economic Studies) Persson, Guido (Universita Commerciale L. Bocconi) Tabellini

Part of the Monetary and Fiscal Policy series

Paperback

Item not Available

Description

How will the private sector react to different governmental policies?

What policies will produce the most desirable outcomes?

These two volumes bring together major contributions to a new theory of macroeconomic policy that analyzes which policies are credible or politically feasible, topics that are central to the practical policy debate but that traditional theory cannot address.

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 policymaking and the behavior of policymakers.

This approach allows more informed answers to questions of which policies are credible and which are politically feasible.

It explains why certain monetary and fiscal policies get 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. Volume 1 examines problems of policy credibility caused by incentives to deviate from announced policy.

Volume 2 looks at feasibility problems caused by political pressures generated by the electoral process, the politics of the public debt, issues of the redistribution of wealth, and conflict over the need for economic reforms.

Sections are arranged so that the first chapter introduces a topic while those that follow expand on it.

The editors provide substantial introductions to each volume as well as short comments at the beginning of each section within the volumes.

Information

Save 19%

£31.95

£25.85

Item not Available
Item not Available
Sign in to add to wishlist
 
Free Home Delivery

on all orders

 
Pick up orders

from local bookshops

Information