Confidence, Credibility and Macroeconomic Policy

ISBN-13: 9781138865808 / Angielski / Miękka / 2014 / 236 str.

Langdana

Opis

First published in 1995. Routledge is an imprint of Taylor & Francis, an informa company.

Spis treści

Part I Credibility in practice and in experimental Testing 1 Fiscal policy, credibility and inflation: The critical role of confidence factors 2 Bond-financed deficits, taxation and expectations: An experimental test of the Ricardian equivalence theorem 3 Monetary credibility and national output: An experimental verification of the Lucas ‘islands’ explanation of business cycles Part II Confidence and credibility factors in historical Perspective 4 Public confidence and public finance during the American Civil War: Lessons from North and South 5 Deficit finance, expectations and real money balances: The operation of the inflation tax in Germany after the First World War 6 Does exchange rate pegging foster monetary credibility? Part III Consumer confidence and macroeconomic stabilisation in the 1990s 7 Consumer confidence in today’s macroeconomy: Definition, measurement and potential importance 8 Consumer confidence and the optimal timing of effective monetary stabilisation 9 Consumer confidence and domestic fiscal stabilisation (with Giles Mellon)

O autorze

Richard Burdekin is Associate Professor of Economics at Claremont McKenna College and Claremont Graduate School. Farrokh Langdana is Associate Professor of Economics and Finance at Rutgers School of Management.