Macroeconomic Policy, Credibility and Politics

by T. Persson, G. Tabellini

Overview

Uses a game theoretic approach to explore which economic policies are 'credible' and 'politically feasible', questions that had eluded traditional macroeconomic approaches.

Product Details

ISBN-13:	9780415269254
Publisher:	Taylor & Francis
Publication date:	12/06/2001
Series:	Harwood Fundamentals of Pure and Applied Economics Ser.
Pages:	200
Product dimensions:	5.44(w) x 8.50(h) x (d)

About the Author

Torsten Persson, Guido Tabellini, Jean-Michel Grandmont

Table of Contents

1. Economic Policy as a Game 2. Committment versus Discretion in Monetary Policy 3. Reputation and Signalling 4. Election and Monetary Policy 5. Commitment versus Discretion in Wealth Taxation 6. Social Institutions and Credible Tax Policy 7. Credibility and Public Debt Management 8. The Political Economy of Government Debt

Editorial Reviews

'This is an extremely useful book for those who want a thorough review of the subject.' - Thomas Havrilesky, Duke University, USA

From the Publisher