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Macroeconomic Policy and Public Choice [Paperback]

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Item Number 227187  
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Item description for Macroeconomic Policy and Public Choice by David Kiefer...

Subject of this book is the intersection between political science and macroeconomics. The central idea is the existence of a political economic equilibrium in which the government acts to dampen the business cycle. The election cycle implies that this equilibrium may be a cycle rather than a point. An extension of new Keynesian theory provides a model of endogenous stabilization in which the government practices short-run stabilization policy which dampens the impact of exogenous shocks. This is a situation in which rational voters favor discretionary policy over a fixed policy rule even with rational economic agents. Special attention is given to the relevant data and to the possibilities of hypothesis testing.

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Item Specifications...

Pages   275
Est. Packaging Dimensions:   Length: 9.2" Width: 6.06" Height: 0.62"
Weight:   0.98 lbs.
Binding  Softcover
Publisher   Springer
ISBN  3540648720  
ISBN13  9783540648727  

Availability  125 units.
Availability accurate as of May 23, 2017 05:25.
Usually ships within one to two business days from La Vergne, TN.
Orders shipping to an address other than a confirmed Credit Card / Paypal Billing address may incur and additional processing delay.

More About David Kiefer

Register your artisan biography and upload your photo! Kiefer, University of Utah, Salt Lake City.

David Kiefer was born in 1945.

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Product Categories

1Books > Subjects > Business & Investing > Biographies & Primers > Policy & Current Events
2Books > Subjects > Business & Investing > Economics > Development & Growth
3Books > Subjects > Business & Investing > Economics > Economic Policy & Development
4Books > Subjects > Business & Investing > Economics > General
5Books > Subjects > Business & Investing > Economics > Macroeconomics
6Books > Subjects > Business & Investing > Economics > Theory
7Books > Subjects > Business & Investing > General

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