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Macroeconomic Policy and Public Choice

  • Book
  • © 1997

Overview

Authors:
  1. David Kiefer

    1. Department of Economics, The University of Utah, Salt Lake City, USA

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  • Revised and extended study edition of Kiefer`s successful book on the connections between macroeconomics and government politics

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Table of contents (12 chapters)

  1. Front Matter

    Pages I-XV
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  2. A Historical Introduction

    • David Kiefer
    Pages 1-17

  3. Microeconomic Foundations

    • David Kiefer
    Pages 19-40

  4. Social Choice

    • David Kiefer
    Pages 41-59

  5. Short-Run Macro Models

    • David Kiefer
    Pages 61-80

  6. The Phillips Curve and Expectations

    • David Kiefer
    Pages 81-103

  7. Fiscal and Monetary Policy

    • David Kiefer
    Pages 105-124

  8. Keynesian Business Cycles

    • David Kiefer
    Pages 125-148

  9. Citizen Prefrences

    • David Kiefer
    Pages 149-160

  10. Endogenous Stabilization and Macroeconomic Ideology

    • David Kiefer
    Pages 161-184

  11. Political Business Cycles

    • David Kiefer
    Pages 185-207

  12. Government Debt, Deficit and Social Security

    • David Kiefer
    Pages 209-233

  13. Conclusion

    • David Kiefer
    Pages 235-240

  14. Back Matter

    Pages 241-251
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Keywords

About this book

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.

Authors and Affiliations

  • Department of Economics, The University of Utah, Salt Lake City, USA

    David Kiefer

Bibliographic Information

  • Book Title: Macroeconomic Policy and Public Choice

  • Authors: David Kiefer

  • DOI: https://doi.org/10.1007/978-3-642-60564-2

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1997

  • Softcover ISBN: 978-3-540-64872-7Published: 18 November 1998

  • eBook ISBN: 978-3-642-60564-2Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XVII, 275

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, Political Science

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