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Opis

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. This book considers the connections between macroeconomics and government politics. The central idea is the existence of a political economic equilibrium in which the government acts to dampen the business cycle. Special attention is given to relevant data and to the possibility of hypothesis testing. This is a revised and extended study edition that is updated to include topics such as political business cycles, government debt, and deficit and social security.

Szczegóły książki

Kategoria Books in English Society & social sciences Politics & government Central government

• Pełny tytuł: Macroeconomic Policy and Public Choice
• Autor: David Kiefer
• Język: Angielski
• Oprawa: Miękka
• Liczba stron: 275
• EAN: 9783540648727
• ISBN: 3540648720
• ID: 06809826
• Wydawca: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Waga: 462 g
• Wymiary: 235 × 155 × 15 mm
• Data wydania: 18. November 1998

Ulubione w innej kategorii

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