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The Making of Economic Policy (Macroeconomics & finance)


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ISBN 10: 155786294X / ISBN 13: 9781557862945
Editorial: Wiley-Blackwell, 1991
Usado Condición: Fair Encuadernación de tapa blanda
Librería: Bookbarn International (Bristol, SOM, Reino Unido)

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Detalles bibliográficos

Título: The Making of Economic Policy (...

Editorial: Wiley-Blackwell

Año de publicación: 1991

Encuadernación: Paperback

Condición del libro:Fair

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As late as the mid-1970s there was a "tacit consensus" in macroeconomics. In spite of the controversies that always raged, the participants shared some basic underlying premises. Business cycles were socially undesirable and needed to be tamed; the postwar business cycle was substantially less severe than in prior times; wage and price inflexibility was a source of instability; money and the financial systems mattered; and normative policy analysis was the proper way to evaluate alternative prescriptions. "The Making of Economic Policy" explores the challenges to the tacit consensus in areas ranging from economic history, dynamic theory, time-series econometrics, game theoretic analyses of policy, and congressional politics. In each of these areas, it first reviews the current debate and then provides new analysis and new perspectives on the controversies. The book takes a critical look at recent views and marshalls appropriate empirical evidence to address competing claims. It demonstrates that the tacit consensus can survive the challenges.

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