Macroeconomic Situations and Policy Adjustments in China

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

Elections and Macroeconomic Policy Cycles

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Political Parties and Macroeconomic Policy *

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Macroeconomic Policy and Domestic Saving

Without a radical change in monetary and fiscal policy, the United States will experience a higher ratio of deficits to GNP in the 1980s than it has in any decade since the 1940s. It is crucial to understand the risk that this poses to future economic growth, but as the following review of the literature indicates, economic research on the issue is in a primitive state. Precise answers are far ...