Discussion of Inflation, Disinflation and the Natural Rate of Unemployment: A Dynamic Framework for Policy Analysis
نویسندگان
چکیده
In this paper Robert Leeson offers what he calls a ‘dynamic framework’ for policy analysis. He uses the term ‘dynamic’ not in any technical sense but, in a sense akin to what McCloskey (1994) called the ‘rhetoric of economics’ – the battle for the hearts and minds of fellow economists and policy-makers. We are introduced to a world of cynical, campaigning and revolutionary scholars, who study strategy and tactics in an effort to influence their peers. They also interact in a political market place with those most unstable of characters – politicians. Some of the ideas in the paper also intersect with the work by Boland (1979) and Hoover (1984) on monetarist methodology.
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Inflation, Disinflation and the Natural Rate of Unemployment: A Dynamic Framework for Policy Analysis
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