Macroeconomic policy, credibility and politics

書誌事項

Macroeconomic policy, credibility and politics

Torsten Persson and Guido Tabellini

(Harwood fundamentals of pure and applied economics / editors in chief, J. Lesourne, H. Sonnenschein, 13 . Macroeconomics ; 2)

Routledge, 2001

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注記

Reprint. Originally published: Amsterdam : Harwood Academic Publishers, c1990. (Fundamentals of pure and applied economics ; v. 38. Macroeconomic theory section)

Bibliography: p. 179-184

Includes index

内容説明・目次

内容説明

Uses a game theoretic approach to explore which economic policies are 'credible' and 'politically feasible', questions that had eluded traditional macroeconomic approaches.

目次

1. Economic Policy as a Game 2. Committment versus Discretion in Monetary Policy 3. Reputation and Signalling 4. Election and Monetary Policy 5. Commitment versus Discretion in Wealth Taxation 6. Social Institutions and Credible Tax Policy 7. Credibility and Public Debt Management 8. The Political Economy of Government Debt

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