Positive political economy : theory and evidence

著者

書誌事項

Positive political economy : theory and evidence

edited by Sylvester Eijffinger and Harry Huizinga

Cambridge University Press, 1998

  • : hbk

大学図書館所蔵 件 / 全23件

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注記

Includes bibliographical references and index

内容説明・目次

内容説明

This book investigates how observed differences in institutions affect political and economic outcomes in various social, economic, and political systems. It also examines how the institutions themselves change and develop in response to individual and collective beliefs, preferences, and strategies. This volume tackles both monetary and real topics in an integrated way, and represents the first coherent empirical investigation of positive models of political economy. The various contributions discuss issues of great topicality not just for Europe, but for all developed economies: why do central banks matter? What determines their independence? How do central bank independence and exchange rate regimes affect monetary integration and activism? The volume also discusses the costs of a monetary union, unemployment benefits, and redistributive taxation.

目次

  • Preface
  • 1. Introduction Sylvester Eijffinger and Harry Huizinga
  • Part I. Monetary Institutions and Policy: 2. Reputational versus institutional solutions to the time-consistency problem in monetary policy Susanne Lohmann
  • 3. Monetary Union and monetary federalism: reciprocity political business cycles Jurgen von Hagen
  • 4. The ultimate determinants of central bank independence Sylvester Eijffinger and Eric Schaling
  • 5. Central bank autonomy and exchange rate regimes - their effects on monetary accommodation and activism Alex Cukierman, Pedro Rodriguez, and Steven Webb
  • 6. Uncertainty, instrument choice, and the uniqueness of Nash equilibrium: microeconomic and macroeconomic examples Dale Henderson and Ning Zhu
  • 7. New empirical evidence on the costs of European Monetary Union Helene Erkel-Rousse and Jacques Melitz
  • Part II. Exchange Rate Policy and Redistribution: 8. Exchange rate anchors and inflation: a political economy approach Sebastian Edwards
  • 9. Why capital controls? Theory and evidence Gian Maria Milesi-Ferretti
  • 10. The political economy of the Exchange Rate Mechanism Patrick Minford
  • 11. Unemployment benefits and redistributive taxation in the presence of labour quality externalities Harry Huizinga
  • Index.

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