Political Models of Macroeconomic Policy and Fiscal Reform

Political Models of Macroeconomic Policy and Fiscal Reform
Author: Alberto Alesina
Publisher: World Bank Publications
Total Pages: 46
Release: 1992
Genre: Ciclos economicos
ISBN:

Two forces affect the success of stabilization in both dramatic and dictatorial systems: (1) the policymakers' incentive to retain power and (2) society's polarization and the degree of social conflict.

The Political Logic of Economic Reform in China

The Political Logic of Economic Reform in China
Author: Susan L. Shirk
Publisher: Univ of California Press
Total Pages: 411
Release: 2023-04-28
Genre: History
ISBN: 0520912217

In the past decade, China was able to carry out economic reform without political reform, while the Soviet Union attempted the opposite strategy. How did China succeed at economic market reform without changing communist rule? Susan Shirk shows that Chinese communist political institutions are more flexible and less centralized than their Soviet counterparts were. Shirk pioneers a rational choice institutional approach to analyze policy-making in a non-democratic authoritarian country and to explain the history of Chinese market reforms from 1979 to the present. Drawing on extensive interviews with high-level Chinese officials, she pieces together detailed histories of economic reform policy decisions and shows how the political logic of Chinese communist institutions shaped those decisions. Combining theoretical ambition with the flavor of on-the-ground policy-making in Beijing, this book is a major contribution to the study of reform in China and other communist countries. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1994. In the past decade, China was able to carry out economic reform without political reform, while the Soviet Union attempted the opposite strategy. How did China succeed at economic market reform without changing communist rule? Susan Shirk shows that Chine

Macroeconomic Policies for Stable Growth

Macroeconomic Policies for Stable Growth
Author: Delano Villanueva
Publisher: World Scientific
Total Pages: 271
Release: 2008
Genre: Business & Economics
ISBN: 9812818308

"This volume is a collection of published and unpublished papers that the author has written over the last two decades during part of his tenure at the International Monetary Fund, the South East Asian Central Banks Research and Training Center, and Singapore Management University. The policy-oriented book examines the links between macroeconomic policies and noninflationary, full-employment levels and growth rates of aggregate gross domestic product, with particular focus on the application in emerging markets of the tools of growth theory. Theoretically sound and grounded in practical wisdom, this book is an essential reading for economic, financial and developmental policymakers, professional economists, and undergraduate/graduate students in economics and social sciences."--BOOK JACKET.

Macroeconomic Policy, Credibility and Politics

Macroeconomic Policy, Credibility and Politics
Author: T. Persson
Publisher: Routledge
Total Pages: 200
Release: 2012-11-12
Genre: Business & Economics
ISBN: 1135645590

Uses a game theoretic approach to explore which economic policies are 'credible' and 'politically feasible', questions that had eluded traditional macroeconomic approaches.

Fiscal Policy and Long-Term Growth

Fiscal Policy and Long-Term Growth
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 257
Release: 2015-04-20
Genre: Business & Economics
ISBN: 1498344658

This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.

The Macroeconomics of Populism in Latin America

The Macroeconomics of Populism in Latin America
Author: Rudiger Dornbusch
Publisher: University of Chicago Press
Total Pages: 416
Release: 2007-12-01
Genre: Business & Economics
ISBN: 0226158489

Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.

Fiscal Policy Rules

Fiscal Policy Rules
Author: Mr.George Kopits
Publisher: International Monetary Fund
Total Pages: 58
Release: 1998-07-22
Genre: Business & Economics
ISBN: 9781557757043

What are fiscal policy rules? What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approaches to fiscal adjustment? Can fiscal rules contribute to long-run sustainability and welfare without sacrificing short-run stabilization? If so, what characteristics of fiscal rules make this contribution most effective? And in what circumstances and contexts, if any should the IMF encourage its member countries to adopt fiscal rules? This paper seeks to identify sensible fiscal policy rules that can succeed, if chosen by a member country, as an alternative to descretionary fiscal rules.

The American Political Economy

The American Political Economy
Author: Jacob S. Hacker
Publisher: Cambridge University Press
Total Pages: 487
Release: 2021-11-11
Genre: History
ISBN: 1316516369

Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.

Economic Politics

Economic Politics
Author: William R. Keech
Publisher: Cambridge University Press
Total Pages: 260
Release: 1995-02-24
Genre: Business & Economics
ISBN: 9780521467681

This book raises and addresses questions about the consequences of democratic institutions for economic performance.