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Monday, November 16, 2020 | History

2 edition of Political economics and macroeconomic policy found in the catalog.

Political economics and macroeconomic policy

Torsten Persson

Political economics and macroeconomic policy

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  • 37 Currently reading

Published in Stockholm (Institute for International Economic Studies, University of Stockholm .
Written in English


Edition Notes

Statementby Torsten Persson and Guido Tabellini.
SeriesInternational economics seminar paper series / Stockholm University, Institute for International Economic Studies -- no.630, International economics seminar paper (Stockholm University, Institute for International Economic Studies) -- no.630.
ContributionsTabellini, Guido.
ID Numbers
Open LibraryOL17183785M

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Political economics and macroeconomic policy by Torsten Persson Download PDF EPUB FB2

"Drazen's book gives an excellent account of the political dimension of macroeconomic policy. With its careful attention to methodological issues, thorough and balanced presentation of the literature, and clear exposition and perceptive evaluation of models, this book will be valuable both as a reference volume for researchers and a textbook.

Analytical models of political institutions frequently neglect the economy. Theories of economic policy making often ignore political institutions altogether. Political Economics, a bold and original enterprise, leads a new wave of more thoroughly synthetic treatments.

Reading this superb book is an enriching experience. Kenneth A. Shepsle. COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle.

Analytical models of political institutions frequently neglect the economy. Theories of economic policy making often ignore political institutions altogether. Political Economics, a bold and original enterprise, leads a new wave of more thoroughly synthetic treatments. Reading this superb book is an enriching experience.

a positive economics of policy choice follows almost immediately Political economics and macroeconomic policy book the normative economics of policy choice. Note that the process of deciding technically what policy to adopt, the decision central to this approach, is very different from the process of deciding on policy which the definition of politics would Size: KB.

But so far there is little consensus on the answers and disagreement on the appropriate mode of analysis. Combining the best of three separate traditions--the theory of macroeconomic policy, public choice, and rational choice in political science--Torsten Persson and Guido Tabellini suggest a unified approach to the field.5/5(2).

In this book, two highly eminent scholars and former central bankers, Dr A. Vasudevan and Dr Partha Ray, with very rich and prolonged experience in the analysis and formulation of the various dimensions of macroeconomic policy in India and elsewhere, attempt a truly credible and readable narrative of fiscal, monetary and exchange rate policies for financial stability in emerging.

It does this by examining recent macroeconomic crises from a political economy perspective, and finds that information is the critical algorithm that links together the demand for macroeconomic stability, macroeconomic performance and, ultimately, distributive by: 1.

Macroeconomic Paradigms and Economic Policy: London School of Economics and Political Science "This splendid book, written by three experts in the field, demonstrates the oscillation of macro policies between state intervention and free market policies. It is a lucid presentation of the evolution of macroeconomic policies in the light of Cited by: 3.

Theory, Policy, and Applications. Author: Mark Setterfield; Publisher: Routledge ISBN: X Category: Business & Economics Page: View: DOWNLOAD NOW» In this interactive collection of essays, many of the leading proponents of analytical political economy examine major macroeconomic issues through the integration of mathematical analysis and.

Book PDF Available. Combining the best of three separate traditions—the theory of macroeconomic policy, public choice, and rational choice. Political Economics book. Read reviews from world’s largest community for readers.

What determines the size and form of redistributive programs, the exte /5(27). Get this from a library. Political economics and macroeconomic policy. [Torsten Persson; Guido Enrico Tabellini; National Bureau of Economic Research.] -- Abstract: This paper surveys the recent literature on the theory of macroeconomic policy.

We study the effect of various incentive constraints on the policy making process, such as lack of. Downloadable (with restrictions). This chapter surveys the recent literature on the theory of macroeconomic policy.

We study the effect of various incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and divided government.

The survey is organized in three parts. Part I deals with monetary policy in a. To answer these questions, this book examines how macroeconomic policy adjustments affect individual voters in financially open economies and argues that the anticipation of these distributional effects influences policy makers' decisions about the timing and the type of by: Drawing on three separate traditions - the theory of macroeconomic policy, public choice and rational choice in political science - this book attempts to answer questions of economic policy and establish a unified method of analysis in political economics.

That is why this book is so much focused on political economy, before it takes the reader to the issues of the theory of economic policy. The book fits within a reactivated in mids trend of Author: Krzysztof Piech.

Macroeconomic Policy in an Environmentally-Constrained Economy: A Dialectical Materialist Application of the Harrod Growth Model Book Review: Competing Economic Paradigms in China: The Co-Evolution of Economic Events, Economic Theory and Economics Education, – Review of Radical Political Economics ISSN: What determines the size and form of redistributive programs, the extent and type of public goods provision, the burden of taxation across alternative tax bases, the size of government deficits, and the stance of monetary policy during the course of business and electoral cycles.

A large and rapidly growing literature in political economics attempts to answer these questions. Political economy was thus meant to express the laws of production of wealth at the state level, just as economics was the ordering of the home.

The phrase économie politique (translated in English as "political economy") first appeared in France in with the well-known book by Antoine de Montchrétien, Traité de l’economie politique. A concise but rigorous and thorough introduction to modern macroeconomic theory. This book offers an introduction to modern macroeconomic theory.

It is concise but rigorous and broad, covering all major areas in mainstream macroeconomics today and showing how macroeconomic models build on and relate to each other. The self-contained text begins with models of. Paul De Grauwe - John Paulson Professor in European Political Economy, London School of Economics and Political Science 'This splendid book, written by three experts in the field, demonstrates the oscillation of macro policies between state intervention and free market by: 3.

This textbook is unique among economics textbooks. It contains many of the same topics as mainstream textbooks, but it includes and takes very seriously heterodox critiques and alternatives to the mainstream approach to economics.

It includes a whole range of alternative theories, including Post-Keynesian, Austrian, Marxian, radical, feminist, institutionalist, and.

Book Description. China’s Macroeconomic Policy is a key collection of articles that showcase how economic policies have changed—and are changing still—in the world’s second largest economy, in a way that will affect the global economy.

From exchange rates to fiscal policy, Chinese reforms have developed gradually to transform the country from one dominated by the state’s central.

Political Economics: Explaining Economic Policy, vol 1. Torsten Persson and Guido Tabellini (). in MIT Press Books from The MIT Press. Abstract: What determines the size and form of redistributive programs, the extent and type of public goods provision, the burden of taxation across alternative tax bases, the size of government deficits, and the stance of monetary Cited by: Chapter 22 POLITICAL ECONOMICS AND MACROECONOMIC POLICY* TORSTEN PERSSON Institute for International Economic Studies, Stockholm University, S 91 Stockholm, Sweden.

E-mail: [email protected] GUIDO TABELLINI IGIER, Bocconi University, via Salasco 3/5, Milano, Italy. E-mail: [email protected]Cited by:   Analytical models of political institutions frequently neglect the economy.

Theories of economic policy making often ignore political institutions altogether. Political Economics, a bold and original enterprise, leads a new wave of more thoroughly synthetic treatments. Reading this superb book is an enriching : MIT Press.

Macroeconomics (from the Greek prefix makro-meaning "large" + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

This includes regional, national, and global economies. While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the.

Political economy is the study of production and trade and their links with custom, government and law. It is the study and use of how economic theory and methods influence and develop different Author: Will Kenton.

Figure Fiscal Policy and Interest Rates When a government borrows money in the financial capital market, it causes a shift in the demand for financial capital from D 0 to D the equilibrium moves from E 0 to E 1, the equilibrium interest rate rises from 6% to 7% in this this way, an expansionary fiscal policy intended to shift aggregate demand to the.

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Lumen maintains the Boundless content in the same condition it was provided to. plete policy convergence, i.e. both parties follow the same policy when in office.

This is the basic message of the "median voter theorem."6 The most influential application of these ideas to macroeconomic policy is the "political business cycle" theory of Nordhaus (), which is based.

Smith, in Encyclopedia of Health Economics, Macroeconomics and the Household. Macroeconomic policy is concerned with economic growth – increasing levels of GDP – as higher GDP leads to greater opportunities to consume which will, ceteris paribus, improve health (although it may not!).The relevant factors in this relationship are improved nutrition, sanitation.

Policy Research in Macroeconomics (PRIME) is a network of macroeconomists, political economists and professionals from related disciplines who seek to engage with a diverse audience in order to de-mystify economic theories, policies and ideas.

We highlight the glaring failure of mainstream economics to challenge the finance sector’s role. Michael Woodford’s paper “Financial Intermediation and Macroeconomic Analysis”, improves his theory that was articulated in this book, Interest Prices (). He based this on the data and experiences from the financial crisis and changing ideas in monetary economics since his work.

Eduardo Wiesner’s book makes an important contribution to the understanding of development by blending together the interdependent issues of (i) macroeconomic performance and volatility, (ii) equity and distributive justice, (iii) fiscal deficits and the redistributive effectiveness of social public expenditures, and (iv) the demand for the ‘right’ institutions and Author: Eduardo Wiesner.

Critique of the New Consensus Macroeconomics and Implications for India (India Studies in Business and Economics) by Dilip M Nachane, New Delhi: Springer, ; pp₹6, (hardcover). Synthesising Macroeconomic Ideas for Policy | Economic and Political Weekly. This author has little doubt that since GDP was ultimately conceived in the political arena, world macroeconomic events will play a role in its historical development, but the link between all macroeconomic events and GDP, as this book suggests, seems exaggerated—at least in the pages Coyle devotes to the topic.

But so far there is little consensus on the answers and disagreement on the appropriate mode of analysis. Combining the best of three separate traditions--the theory of macroeconomic policy, public choice, and rational choice in political science--Torsten Persson and Guido Tabellini suggest a unified approach to the field.

A copy of Mueller's book willbe on reserve. Additional References: *Allan Drazen. Political Economy in Macroeconomics. Princeton University Press, (A recent textbook with. many useful chapters surveying some of the topics we will cover. Emphasizes applications to.

macroeconomic policy issues). * T. Persson and G. Tabellini. The Best Economics Books of All Time Image by Kevin Dooley (CC BY ) The list is for those with a serious interest in economics, but not necessarily for economics professionals; it contains some books on the principles of economics, but is.

A large measure of consensus exists about the substantive content of successful economic policy reform—macroeconomic discipline, microeconomic liberalization, and participation in the global economy—that is needed for an economy to enter the modern world.Again and again, Latin America has seen the populist scenario played to an unfortunate end.

Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon .