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Author : Thomas D. Willett
Publisher : Duke University Press
Page : 554 pages
File Size : 55,6 Mb
Release : 1988
Category : Business & Economics
ISBN : 0822308428
"A Pacific Research Institute for Public Policy book." Includes bibliographies and index.
Author : Bruno S. Frey
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 43,7 Mb
Release : 1997
Category : Business cycles
ISBN : 1858983991
A collection of articles on how the government influences the economy in order to secure re-election. This book surveys the empirical and major theoretical approaches, such as vote maximization, partisan and vote-cum-partisan models, and rational political business cycles. It provides extensions including the role of the central bank, of direct democracy, and the cycles in European communist countries, as well as discussing policy relevance.
Author : Alex Cukierman,Zvi Hercowitz,Leonardo Leiderman
Publisher : MIT Press
Page : 430 pages
File Size : 40,8 Mb
Release : 1992
Category : Business & Economics
ISBN : 0262031949
These original contributions by some of today's leading macroeconomists and political economists explore a broad spectrum of social, political, and technological variables that encourage or impede economic growth. What political and economic factors stimulate growth and make an economy expand? These original contributions by some of today's leading macroeconomists and political economists explore a broad spectrum of social, political, and technological variables that encourage or impede economic growth. Topics range from economic reform and price flexibility to the economic effects of political coups and include both theoretical analysis and empirical results.During the past decade, economists have seen important new developments linking growth and business cycles to government policy. These contributions provide a clear understanding of these processes and their effect in shaping economic policy. They look at the welfare side of economics and offer strong economic models to explain the connection between social policies and economic growth. For example, John Londregan and Keith Poole address the economic effects of political coups, Torsten Persson and Guido Tabellini explore the question of whether inequality is harmful for growth, and Stephen Parente and Edward Prescott look at the role of technology adoption in stimulating growth.The essays cover a wide range of approaches. Several focus on the interaction between growth and the choice of policy, where policy reacts to economic and distributional considerations through a majority rule process. Others take the policy as given and focus on the empirical estimation of the speed of convergence of rates of growth across states and regions and the importance of externalities and knowledge spillovers for rates of growth. Essays about the business cycle fall into two broad categories. One, arising from the new political economy tradition, examines the effects of elections and price decontrols on the business cycle. The other explores the implications of optimal economic policies in a representative agent framework for the cyclical behavior of the economy.
Author : Alberto Alesina,Nouriel Roubini,Gerald D. Cohen
Publisher : MIT Press
Page : 322 pages
File Size : 52,9 Mb
Release : 1997
Category : Business & Economics
ISBN : 0262510944
This book examines how electoral laws, the timing of election, the ideological orientation of governments, and the nature of competition between political parties influence unemployment, economic growth, inflation, and monetary and fiscal policy. The book presents both a thorough overview of the theoretical literature and a vast amount of empirical evidence.
Author : Tobias Fritsch
Publisher : GRIN Verlag
Page : 61 pages
File Size : 54,7 Mb
Release : 2010-02
Category : Electronic
ISBN : 9783640535781
Research Paper (undergraduate) from the year 2006 in the subject Business economics - Economic Policy, grade: 2,0, Free University of Berlin, language: English, abstract: The current political decisions do not only affect the economy, additionally also future capital stocks and (infra-) structures are significantly influenced. Generally one should keep in mind that natural resources as well as price inflation for produced goods highly depend on the decision whether to consume now or save them for later. One of the most important influence factors for the economical life is the government policy. The trade-off between the focus on present and future welfare (between consuming and saving) is mainly based on political decisions. Thus it is important to address the role of the government and understand how elections and voters might influence the decision of the political parties during their incumbency. This paper describes the motivation of the politicians to influence the voters before the election takes place in order to win. Generally speaking, they use economical instruments (like the Phillips curve, aggregated demand, budgets, etc.) to increase their chance for the next election. However the usage of these instruments produces a downturn shortly after the election; the whole process is called a political business cycle.
Author : Ben Bernanke,Kenneth S. Rogoff
Publisher : Mit Press
Page : 418 pages
File Size : 51,7 Mb
Release : 2001-02-19
Category : Macroeconomics
ISBN : 0262025035
The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and stimulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion.
Author : Alain Alcouffe,Monika Poettinger,Bertram Schefold
Publisher : Routledge
Page : 425 pages
File Size : 41,6 Mb
Release : 2017-01-06
Category : Business & Economics
ISBN : 9781317207788
Business Cycles in Economic Thought underlines how, over the time span of two centuries, economic thought interacted with cycles in a continuous renewal of theories and rethinking of policies, whilst economic actions embedded themselves into past economic thought. This book argues that studying crises and periods of growth in different European countries will help to understand how different national, political and cultural traditions influenced the complex interaction of economic cycles and economic theorizing. The editors of this great volume bring together expert contributors consisting of economists, historians of economic thought and historians of economics, to analyse crises and theories of the nineteenth and the twentieth century. This is alongside a comprehensive outlook on the most relevant advances of economic theory in France, Germany and Italy, as well as coverage of non-European countries, such as the United States. Several of the highly prestigious Villa Vigoni Trilateral Conferences formed the background for the discussions in this book. This volume is of great interest to students and academics who study history of economic thought, political economy and macroeconomics.
Author : Jordi Galí
Publisher : Princeton University Press
Page : 295 pages
File Size : 43,9 Mb
Release : 2015-06-09
Category : Business & Economics
ISBN : 9781400866274
The classic introduction to the New Keynesian economic model This revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigorous graduate-level introduction to the New Keynesian framework and its applications to monetary policy. The New Keynesian framework is the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfare. A backbone of the new generation of medium-scale models under development at major central banks and international policy institutions, the framework provides the theoretical underpinnings for the price stability–oriented strategies adopted by most central banks in the industrialized world. Using a canonical version of the New Keynesian model as a reference, Jordi Galí explores various issues pertaining to monetary policy's design, including optimal monetary policy and the desirability of simple policy rules. He analyzes several extensions of the baseline model, allowing for cost-push shocks, nominal wage rigidities, and open economy factors. In each case, the effects on monetary policy are addressed, with emphasis on the desirability of inflation-targeting policies. New material includes the zero lower bound on nominal interest rates and an analysis of unemployment’s significance for monetary policy. The most up-to-date introduction to the New Keynesian framework available A single benchmark model used throughout New materials and exercises included An ideal resource for graduate students, researchers, and market analysts
Author : Thomas E. Hall
Publisher : Praeger
Page : 264 pages
File Size : 43,6 Mb
Release : 1990-06-26
Category : Business & Economics
ISBN : UOM:39015018522501
This is a concise and and up-to-date survey of business cycles, discussing not only early theories of the business cycle and Keynesian and monetarist models, but also the rational expectationist and new Keynesian models along with actual business cycles. Hall traces the history of business cycles from the panic of 1907 to the long cyclical expansion beginning in late 1982. ISBN 0-275-93085-8: $39.95.
Author : Mwangi S. Kimenyi,John Mukum Mbaku
Publisher : Routledge
Page : 426 pages
File Size : 46,7 Mb
Release : 2019-05-23
Category : Political Science
ISBN : 9780429806315
First published in 1999, this volume is written by seasoned public choice scholars and is intended to make a significant contribution to the debate on peaceful coexistence and sustainable development in developing countries. The book contains a rich mixture of analytical ideas and views on collective choice and macroeconomic performance in developing countries. This book breaks new ground in that it is the first comprehensive application of the theory of public choice to collective decision making in developing societies. It provides both students of Third World studies and policy makers in developing societies an in-depth analysis for institutions for collective choice. For countries undergoing major reform of their political and economic institutions, public choice theory can provide significant and useful insights, and help these societies design and adopt institutional arrangements that enhance peaceful coexistence of groups, the creation of wealth and sustainable development. Specifically, the book successfully shows that: (1) the application of economic theory to the study of public policy in the developing countries can provide important insights into collective decision-making; (2) the application of public choice theory to the study of developing societies can significantly improve the efficiency of bureaucratic and governmental systems, and consequently, promote economic, political and social development; and (3) public choice can help developing societies design and sustain effective laws and institutions for peaceful coexistence of groups and achieve sustainable development.
Author : Mario I. Blejer,Marko Skreb
Publisher : Springer
Page : 0 pages
File Size : 55,5 Mb
Release : 2012-11-13
Category : Business & Economics
ISBN : 1461373654
the adaptation of the institutional settings of monetary policy to deal with an emerging market economy had to be carried out in the midst of an unprecedented stabilization effort and, therefore, was particularly urgent and complicated. In many of the transition countries, the transformation effort implied not just changes in procedures but the establishment of a central bank from scratch, a process that involved an important effort, precisely at a time when the whole system was in serious turmoil. While the process of reforms is not yet completed in all the transition countries, an immense amount of progress has been achieved, and many of the transition countries face today monetary and central banking conditions that are close to those of Western economies. In this volume, we collect a number of important contributions that discuss the most burning aspects of the current debates on central banking and monetary policy and draw implications for the postsocialist transition economies. The various papers included in the volume deal with a broad set of related issues, which are highly relevant not just for transition economies but for other emerging markets and for advanced economies as well. The subjects covered in the book are divided into seven major categories (Sections II to VIII), some of which overlap.
Author : Alberto Alesina,Howard Rosenthal
Publisher : Cambridge University Press
Page : 302 pages
File Size : 50,6 Mb
Release : 1995-01-27
Category : Business & Economics
ISBN : 0521436206
This book develops an integrated approach to understanding the American economy and national elections. Economic policy is generally seen as the result of a compromise between the President and Congress. Because Democrats and Republicans usually maintain polarized preferences on policy, middle-of-the-road voters seek to balance the President by reinforcing in Congress the party not holding the White House. This balancing leads, always, to relatively moderate policies and, frequently, to divided government. The authors first outline the rational partisan business cycle, where Republican administrations begin with recession, and Democratic administrations with expansions, and next the midterm cycle, where the President's party loses votes in the mid-term congressional election. The book argues that both cycles are the result of uncertainty about the outcome of presidential elections. Other topics covered include retrospective voting on the economy, coat-tails, and incumbency advantage. A final chapter shows how the analysis sheds light on the economies and political processes of other industrial democracies.
Author : Eri Ikeda
Publisher : Routledge
Page : 133 pages
File Size : 41,9 Mb
Release : 2019-09-17
Category : Business & Economics
ISBN : 9781000712544
This book investigates how global business cycles impact the economies of developing countries. Global business cycles, the wave-like movements of economic expansion followed by contraction in aggregate economic activities, impact all economies comprising the global economy. The patterns being shown in developing countries correspond increasingly to those in the global north, and yet there is a relative dearth of studies exploring whether global business cycles exist and how they operate in developing economies. This book explores how cycles operate at the global and sub-global developing country levels, with a particular focus on the level of development and the structure of the economies. Drawing an important distinction between cycles and fluctuations, the book criticises mainstream conceptualisation and identification of cycle phenomena, and instead proposes an alternative conception and methodology for the identification of cycles. Along the way, the book also delves into the manufacturing and rise of China, and other potential competitors in the industrial arena, as increasingly important drivers of global cycles and global economic growth. This book will be an important read for researchers and upper-level students of development economics and international political economy.
Author : William R. Keech
Publisher : Cambridge University Press
Page : 260 pages
File Size : 53,8 Mb
Release : 1995-02-24
Category : Business & Economics
ISBN : 0521467683
This book raises and addresses questions about the consequences of democratic institutions for economic performance.
Author : Alvin H. Hansen
Publisher : Unknown
Page : 0 pages
File Size : 50,5 Mb
Release : 2010
Category : Business cycles
ISBN : 0415607108
Written during the Second World War, this book deals with the changing role of the government, and particularly fiscal policy as an instrument for regulating the national income and its distribution.