Monetary and Fiscal Policy
Subtitle: Politics (Monetary & Fiscal Policy)
Contributors: Guido Enrico Tabellini (Editor)
Publisher: Mit Pr
Published: May 1994
Language: eng
Format: Hardcover
Number of pages: 472
ISBN-13: 9780262161411
Subjects: Central government policies; Monetary economics; Political economy; Money & Monetary Policy; Business / Economics / Finance; Fiscal Policy; Monetary Policy; Policy sciences; Business/Economics
Description: How will the private sector react to different government policies? What policies will produce the most desirable outcomes? The two volumes of Monetary and Fiscal Policy bring together major contributions to a new theory of macroeconomic policy that analyzes which policies are credible or politically feasible -- topics that are central to the practical policy debate but that traditional theory cannot address. This volume examines problems of policy credibility caused by incentives to deviate from announced policy.