Political Macroeconomics: A Survey of Recent Developments

Manfred Gärtner ()

Journal of Economic Surveys, 2000, vol. 14, issue 5, 527-561

Abstract: The paper surveys political macroeconomics, covering its development from Rogoff’s conservative central banker to the most recent discussions of monetary policy and institutional design. Topics include the inflation‐stabilization trade‐off, central bank independence with escape clauses and overruling with costs, inflation targets, performance contracts for monetary authorities, and the consequences of output persistence for these issues. Further topics are the political business cycle when output is persistent, the political macroeconomics of fiscal policy, the government spending bias, and the game‐theoretic interaction between fiscal and monetary policy. All work is discussed within a coherent analytical framework.

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
https://doi.org/10.1111/1467-6419.00124

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jecsur:v:14:y:2000:i:5:p:527-561

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0950-0804

Access Statistics for this article

More articles in Journal of Economic Surveys from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().