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Titlebook: Macroeconomic Policy and Public Choice; David Kiefer Book 1997 Springer-Verlag Berlin Heidelberg 1997 Depression.Inflation.Intervention.Ke

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書目名稱Macroeconomic Policy and Public Choice
編輯David Kiefer
視頻videohttp://file.papertrans.cn/622/621004/621004.mp4
概述Revised and extended study edition of Kiefer`s successful book on the connections between macroeconomics and government politics
圖書封面Titlebook: Macroeconomic Policy and Public Choice;  David Kiefer Book 1997 Springer-Verlag Berlin Heidelberg 1997 Depression.Inflation.Intervention.Ke
描述Subject of this book is the intersection between political science and macroeconomics. The central idea is the existence of a political economic equilibrium in which the government acts to dampen the business cycle. The election cycle implies that this equilibrium may be a cycle rather than a point. An extension of new Keynesian theory provides a model of endogenous stabilization in which the government practices short-run stabilization policy which dampens the impact of exogenous shocks. This is a situation in which rational voters favor discretionary policy over a fixed policy rule even with rational economic agents. Special attention is given to the relevant data and to the possibilities of hypothesis testing.
出版日期Book 1997
關(guān)鍵詞Depression; Inflation; Intervention; Keynes; Policy; Political Science; Public Choice; Revolution; consumer;
版次1
doihttps://doi.org/10.1007/978-3-642-60564-2
isbn_softcover978-3-540-64872-7
isbn_ebook978-3-642-60564-2
copyrightSpringer-Verlag Berlin Heidelberg 1997
The information of publication is updating

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Conclusion,onvinced a majority of voters that the government should be held responsible for the state of the economy, and the Employment Act of 1946 affirmed the legitimacy of this new role. Postwar presidents have with varying success practiced the fiscal and monetary intervention that voters now expect.
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Short-Run Macro Models,When depression struck as had predicted, [Keynes] proposed that nations “spend their way back to prosperity,” and made an early convert of Franklin D. Roosevelt…. [H]e drew the famous Keynesian corollaries: deficit financing to put money in the hands of the unemployed, managed currency, reconstruction of the social system….
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Government Debt, Deficit and Social Security,osts this kind of debt can be efficient. But, in the long run and in the absence of shocks, public debt implies a loss of welfare. The impact of public debt has been much discussed in recent years due to the secular rise in the debt of the US government; see Fig. 11.1. The explanation of observed di
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