The author explains how recent developments in political economics improve our understanding of macroeconomic policy - especially the timing, design, and likelihood of stabilization's success through monetary and fiscal reform. The author reviews the literature on political business cycles and emphasizes several issues involving the relationship between the timing of elections and the timing of macroeconomic policies and outcomes. He also addresses...
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1992/09/30
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Documento de trabalho sobre pesquisa de políticas
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WPS970
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1
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1
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2010/07/01
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Political models of macroeconomic policy and fiscal reform
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political economy of structural adjustment
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