Macroeconomic Policies and Institutions
Jean-Paul Fitoussi ()
Rivista di Politica Economica, 2005, vol. 95, issue 6, pages 9-30
Why since at least two decades macroeconomic policies have been so active in the US and so passive in Europe? I contend that social norms have changed and that the new norms call for a greater degree of inequality. Then macroeconomic policies have to be active in the United States and passive in Europe. The change in the social norm was mainly led by the new generation of elites born after WW2 educated in a context where individual successes were more affected to individuals than to the collective action which has contributed to build the public goods they have benefited from.
References: View complete reference list from CitEc
Citations View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
Journal Article: Macroeconomic Policies and Institutions (2006)
Working Paper: Macroeconomic Policies and Institutions (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:rpo:ripoec:v:95:y:2005:i:6:p:9-30
Access Statistics for this article
Rivista di Politica Economica is currently edited by Gustavo Piga
More articles in Rivista di Politica Economica from SIPI Spa
Series data maintained by Sabrina Marino ().