Monetary and Fiscal Policy : Credibility

Saved in:

Bibliographic Details
Title:	Monetary and Fiscal Policy : Credibility
Description:	How will the private sector react to different governmental policies? What policies will produce the most desirable outcomes? These two volumes bring together major contributions to a new theory of macroeconomic policy that analyzes which policies are credible or politically feasible, topics that are central to the practical policy debate but that traditional theory cannot address. Instead of looking at policy as an end product, the contributors approach policy as an ongoing process of revised goals, changes in tactics, and political pressures. They consider what kinds of incentives, within different institutional settings, drive policymaking and the behavior of policymakers. This approach allows more informed answers to questions of which policies are credible and which are politically feasible. It explains why certain monetary and fiscal policies get implemented, and provides insights into situations that occur repeatedly in macroeconomic policy such as the bias toward government deficits, partisan competition, and central bank independence.Volume 1 examines problems of policy credibility caused by incentives to deviate from announced policy. Volume 2 looks at feasibility problems caused by political pressures generated by the electoral process, the politics of the public debt, issues of the redistribution of wealth, and conflict over the need for economic reforms. Sections are arranged so that the first chapter introduces a topic while those that follow expand on it. The editors provide substantial introductions to each volume as well as short comments at the beginning of each section within the volumes.
Authors:	Torsten Persson, Guido Tabellini
Resource Type:	eBook.
Subjects:	Monetary policy, Fiscal policy, Policy sciences
Categories:	BUSINESS & ECONOMICS / Economics / General
Database:	eBook Collection (EBSCOhost)

FullText	Links: – Type: ebook-pdf Text: Availability: 0
Header	DbId: nlebk DbLabel: eBook Collection (EBSCOhost) An: 11435 RelevancyScore: 959 AccessLevel: 6 PubType: eBook PubTypeId: ebook PreciseRelevancyScore: 959.155151367188
IllustrationInfo
ImageInfo	– Size: thumb Target: https://rps2images.ebscohost.com/rpsweb/othumb?id=NL$11435$PDF&s=r – Size: medium Target: https://rps2images.ebscohost.com/rpsweb/othumb?id=NL$11435$PDF&s=d
Items	– Name: Title Label: Title Group: Ti Data: Monetary and Fiscal Policy : Credibility – Name: Abstract Label: Description Group: Ab Data: How will the private sector react to different governmental policies? What policies will produce the most desirable outcomes? These two volumes bring together major contributions to a new theory of macroeconomic policy that analyzes which policies are credible or politically feasible, topics that are central to the practical policy debate but that traditional theory cannot address. Instead of looking at policy as an end product, the contributors approach policy as an ongoing process of revised goals, changes in tactics, and political pressures. They consider what kinds of incentives, within different institutional settings, drive policymaking and the behavior of policymakers. This approach allows more informed answers to questions of which policies are credible and which are politically feasible. It explains why certain monetary and fiscal policies get implemented, and provides insights into situations that occur repeatedly in macroeconomic policy such as the bias toward government deficits, partisan competition, and central bank independence.Volume 1 examines problems of policy credibility caused by incentives to deviate from announced policy. Volume 2 looks at feasibility problems caused by political pressures generated by the electoral process, the politics of the public debt, issues of the redistribution of wealth, and conflict over the need for economic reforms. Sections are arranged so that the first chapter introduces a topic while those that follow expand on it. The editors provide substantial introductions to each volume as well as short comments at the beginning of each section within the volumes. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Torsten+Persson%22">Torsten Persson</searchLink><br /><searchLink fieldCode="AR" term="%22Guido+Tabellini%22">Guido Tabellini</searchLink> – Name: TypePub Label: Resource Type Group: TypPub Data: eBook. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Monetary+policy%22">Monetary policy</searchLink><br /><searchLink fieldCode="DE" term="%22Fiscal+policy%22">Fiscal policy</searchLink><br /><searchLink fieldCode="DE" term="%22Policy+sciences%22">Policy sciences</searchLink> – Name: SubjectBISAC Label: Categories Group: Su Data: <searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Economics+%2F+General%22">BUSINESS & ECONOMICS / Economics / General</searchLink>
PLink	https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=11435
RecordInfo	BibRecord: BibEntity: Classifications: – Code: 332.4 Scheme: ddc Type: prePub Languages: – Code: eng Text: English Subjects: – SubjectFull: Monetary policy Type: general – SubjectFull: Fiscal policy Type: general – SubjectFull: Policy sciences Type: general Titles: – TitleFull: Monetary and Fiscal Policy : Credibility Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Torsten Persson – PersonEntity: Name: NameFull: Guido Tabellini – PersonEntity: Name: NameFull: Torsten Persson – PersonEntity: Name: NameFull: Guido Tabellini IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 01 Type: published Y: 1994 – D: 04 M: 02 Type: profile Y: 2014 Identifiers: – Type: isbn-print Value: 9780262660877 – Type: isbn-print Value: 9780262161404 – Type: isbn-electronic Value: 9780262281430 Titles: – TitleFull: Monetary and Fiscal Policy : Credibility Type: main
ResultId	1