MACROECONOMIC POLICY AND ELECTIONS IN OECD DEMOCRACIES

Elections and Macroeconomic Policy Cycles

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Elections and Durable Governments in Parliamentary Democracies

This paper provides a theory of a parliamentary government system with proportional representation elections and policy-motivated parties and voters. In a symmetric, spatial model governments are majoritarian, they and their policies are durable, and voters elect minority parliaments in every period. A continuum of (Markov) political equilibria exist with policies that represent concessions to ...

Robustness and Macroeconomic Policy

This paper considers the design of macroeconomic policies in the face of uncertainty. In recent years, several economists have advocated that when policymakers are uncertain about the environment they face and find it difficult to assign precise probabilities to the alternative scenarios that may characterize this environment, they should design policies to be robust in the sense that they mini...

Macroeconomic Policy and Performance

Social Policy Responsiveness in Developed Democracies

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