Macroeconomic policy as an epistemic problem

An Epistemic Free-Riding Problem?

An Epistemic Free-Riding Problem? Christian List and Philip Pettit 1 August 2003 Karl Popper noted that, when social scientists are members of the society they study, they may affect that society. If the individuals to whom a theory initially applies come to understand that theory, then this understanding may affect their behaviour in such a way that the theory ceases to be applicable. This may...

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

Essays on Macroeconomic Theory as a Guide to Economic Policy

This dissertation consists of four chapters and an appendix. After an introductory chapter with an extended literature overview, Chapter 2 is dedicated to the topic of macroeconomic policy in a heterogeneous monetary union. Chapter 3 investigates the macroeconomics of real estate, and Chapter 4 deals with a New Keynesian open economy model versus the six major puzzles in International Macroecon...

Elections and Macroeconomic Policy Cycles

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