INSTITUTIONS, POLICIES AND EFFICIENCY IN ECONOMIES

Pavel Stoynov ()

Revista Tinerilor Economisti (The Young Economists Journal), 2007, vol. 1, issue 8, 7-10

Abstract: There are cases where the governments may not always serve the public interest. The implication seems to be that governments can help out but only if properly constrained. The impact of these ideas on monetary policy led to creation of Central banks. As far as fiscal policymaking is concerned, the evolution has been slower. It would seem that we are now ready to move to the next step, replacing rules with adequate incentives backed by institutions - fiscal policy committees.

Keywords: policies; institutions; rules. (search for similar items in EconPapers)
JEL-codes: G00 G28 (search for similar items in EconPapers)
Date: 2007
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