Political Economics and Macroeconomic Policy

Torsten Persson () and Guido Tabellini

Working Papers from Stockholm - International Economic Studies

Abstract: Traditional macroeconomic policy analysis asks the positive question of how the economy responds to alternative, but exogenous, policy actions or rules. Knowing these responses, the analyst can go to the normative problem of policy advice, The best action or rule is selected, given a specific obkective function. But as macroeconomists, we should also be able to shed light on a more ambitious set of questions. Why is it that we observe such different inflation rates across countries and time?, etc.

Keywords: MACROECONOMICS; GOVERNMENT POLICY; POLITICS (search for similar items in EconPapers)
JEL-codes: E6 E61 (search for similar items in EconPapers)
Pages: 99 pages
Date: 1997
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Citations: View citations in EconPapers (41)

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Related works:
Chapter: Political economics and macroeconomic policy (1999)
Working Paper: Political Economics and Macroeconomic Policy (1997)
Working Paper: Political Economics and Macroeconomic Policy (1997)
Working Paper: Political Economics and Macroeconomic Policy (1997)
Working Paper: Political Economics and Macroeconomic Policy
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