Macroeconomic Policy, Credibility and Politics

ISBN-13: 9780415269254 / Angielski / Twarda / 2001 / 187 str.

Torsten Persson; Guido Tabellini

Opis

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

Recenzje

'This is an extremely useful book for those who want a thorough review of the subject.' - Thomas Havrilesky, Duke University, USA

Spis treści

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

O autorze

Torsten Persson, Guido Tabellini, Jean-Michel Grandmont