Political control of the macroeconomy : the political economy of public policy making
Author(s)
Bibliographic Information
Political control of the macroeconomy : the political economy of public policy making
Sage Publications, 1986
- : hard
- : pbk
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Note
Bibliography: p. 191-201
Includes index
Description and Table of Contents
Description
Paul Whiteley integrates two fields of study which have traditionally remained separate - public policy analysis and macroeconomic theory. He applies theoretical models from macroeconomics to key issues in public policy analysis. He measures the effects of technological change, the nature of economic growth, and the extent to which government can stimulate productivity and manipulate the economy for electoral purposes. Two dimensions, essential in understanding the political determinants of economic policy, are highlighted: the short- and long-term effects of policies; and the relationship between policy instruments, such as public expenditure, and policy targets, such as full employment.
Using cross-sectional and time-series data, Paul Whiteley tests and develops models for assessing policies and their outcomes. His conclusions about government mechanisms for exerting influence on the economy have important implications for public policy and macroeconomic analyses.
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