Beyond the Usual Suspects: Rethinking the Mechanisms of Paradigm Shifts in Macroeconomic Policy

Ban Cornel
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Ban Cornel: Boston University

Revista OEconomica, 2013, issue 01

Abstract: Economists and political economists emphasize the importance of exogenous shocks, international economic competition, policy conditionality and partisan politics as the main drivers of literature on economic policy change. This paper evaluates the explanatory robustness of these factors and stresses the importance of incorporating economic ideas as a fruitful new direction in research on this topic.

Keywords: exogenous shocks; international economic competition; policy conditionality; partisan politics (search for similar items in EconPapers)
JEL-codes: E10 F62 O11 P50 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2013:i:01:id:350

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