Macroeconomic Policy, Credibility and Politics - 9780415269254

Taylor & Francis

Uses a game theoretic approach to explore which economic policies are 'credible' and 'politically feasible', questions that had eluded traditional macroeconomic approaches. > Uses a game theoretic approach to explore which economic policies are 'credible' and 'politically feasible', questions that had eluded traditional macroeconomic approaches. > 1. Economic Policy as a Game 2. Committment versus Discretion in Monetary Policy 3. Reputation and Signalling 4. Election and Monetary Policy 5. Commitment versus Discretion in Wealth Taxation 6. Social Institutions and Credible Tax Policy 7. Credibility and Public Debt Management 8. The Political Economy of Government Debt > \n'This is an extremely useful book for those who want a thorough review of the subject.' - Thomas Havrilesky, Duke University, USA > Torsten Persson, Guido Tabellini, Jean-Michel Grandmont