Macroeconomic Policy Credibility and Politics

Author: T. Persson
Publisher: Routledge
ISBN: 1135645590
Format: PDF, Docs
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Uses a game theoretic approach to explore which economic policies are 'credible' and 'politically feasible', questions that had eluded traditional macroeconomic approaches.

Macroeconomic Policy

Author: Alan Marin
Publisher: Routledge
ISBN: 1135305994
Format: PDF, ePub
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First published in 1990. Routledge is an imprint of Taylor & Francis, an informa company.

Macroeconomic Policy and Public Choice

Author: David Kiefer
Publisher: Springer Science & Business Media
ISBN: 3642605648
Format: PDF, ePub
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This book considers the connections between macroeconomics and government politics. The central idea is the existence of a political economic equilibrium in which the government acts to dampen the business cycle. Special attention is given to relevant data and to the possibility of hypothesis testing. This is a revised and extended study edition that is updated to include topics such as political business cycles, government debt, and deficit and social security.

Trade Policy Exchange Rates and Growth

Author: Sebastian Edwards
Publisher:
ISBN:
Format: PDF, ePub, Docs
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This paper analyzes the relationship between trade policy and economic performance. The paper is divided in two fundamental parts. The first one uses a cross country data set to investigate the relationship between trade policy and productivity growth. It is found that countries that are more open to the rest of the world have experienced faster growth in total factor productivity than countries with high trade barriers. In the second part the recent Latin American experiences with trade liberalization reforms are investigated. It is shown that in the last few years the Latin American countries have gone from having one of the most distorted external sectors, to having very low degrees of protectionism. The extent of the liberalization efforts is documented and the effect on productivity and exports is investigated

Latin America s Economic Future

Author: Graham R. Bird
Publisher:
ISBN:
Format: PDF, Kindle
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In the 1990s, several Latin American economies have shown signs of recovery from the debt crisis. Growth is most evident in countries that have adopted 'market friendly' policies, including trade liberalization, balanced budgets and monetary restraints. Latin America's Economic Future identifies the key steps in these policy reforms and looks at the factors that may cause recovery to prove unsustainable. Drawing on a diverse range of contributions from scholars with a detailed knowledge of Latin America, this book is a well-informed and balanced assessment of the future course of Latin American economies, as well as a clear indication of the issues on which development is most vulnerable. It examines how these policies have been implemented, and how effective they have been in practice. It also questions whether recovery is threatened by distributional conflicts, institutional failures, and dependence on unsustainable capital flows. It looks at whether growth can be extended to countries that continue to stagnate and concludes by asking whether recent policy trends warrant an optimistic outlook for the region.