Political Economics and Macroeconomic Policy

Political Parties and Macroeconomic Policy *

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Public Policy and the Political Economics of Knowledge

Public policy is an art not a science. It gets made under conditions of incomplete information and constricted rationality. It is susceptible to the rhetoric and mythology of politics, to chauvinism and xenophobia, and the invocation of particular demons and poster children. However, to be done properly it must account for technological change and the economic and social implications of change....

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

JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. Oxford University Press and The Review of Economic Studies...