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Political Economy in Macroeconomics /
Allan Drazen focuses on the implications of political and economic outcomes rather than polictical and public choice per se limiting his coverage to macroeconomics.
| Autor principal: | |
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Princeton, N.J. :
Princeton University Press,
2002, 2000.
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| Colección: | Book collections on Project MUSE.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Part I: Basic issues and tools of analysis. 1. What is a political economy? Politics and economics
- Types of heterogeneity
- An illustration of approaches
- Plan of the book
- 2. Economic models for political analysis. The principal-agent problem
- Discrete time dynamic models
- dynamic programming
- The overlapping generations model
- Effects of uncertain future policies
- 3. Decisionmaking mechanisms. How much political detail?
- Choosing decisionmaking mechanisms
- Direct democracy
- Representative democracy
- Multiparty systems
- Interest groups and lobbying
- Transaction cost politics
- Part II: Commitment, credibility, and reputation. 4. The time-consistency problem. Capital taxation
- Time inconsistency as a conflict of interests
- The Barro-Gordon model
- Seigniorage revenue and the optimum quantity of money
- Commitment versus flexibility
- 5. Laws, institutions, and delegated authority. Laws, constitutions, and social contracts
- Delegation of authority
- Central bank independence
- Fiscal structures for time consistency
- 6. Credibility and reputation. Reputation
- "Reputation" under complete information
- Reputation under incomplete information
- mimicking
- Does reputation "solve" the time-consistency problem? Three caveats
- Signaling
- Reputation for not reneging on commitments
- Credibility and external circumstances
- Ambiguity, secrecy, and imprecise control
- Part III: Heterogeneity and conflicting interests
- 7. Elections and changes of policymakers. Elections and policymaker performance
- The opportunistic political business cycle
- Partisan political cycles
- Competence and prospective voting
- Campaign promises
- Interactions of the executive and the legislature
- Multiparty systems and endogenous election dates
- Tying the hands of one's replacement
- 8. Redistribution. Redistribution of income
- Differential transfers
- Nonmonetary redistribution
- Rent seeking and predation
- Intergenerational redistribution
- Redistribution and mobility
- 9. Public goods. Public goods
- the neoclassical approach
- Provision of public goods in practice
- Voluntary provision of public goods
- free riders and collective action
- Voluntary provision of public goods
- clubs
- The static public goods game
- The war of attrition in public goods provision
- 10. Inaction, delay, and crisis. Economic arguments
- Vested interests
- Nonadoption due to uncertainty about individual benefits
- "Communication" failures
- Conflict over the burden of reform
- Common property models
- Economic crises
- Part IV: Application to policy issues. 11. Factor accumulation and growth. Basic models of fiscal policy and capital accumulation
- Imperfect capital markets, externalities, and endogenous income distribution
- Political institutions and regimes
- Socio-political instability
- Empirical determinants of growth
- 12. The international economy. pt. 1. Exchange-rate arrangements. Fixed versus flexible exchange rates
- Currency crises and contagious speculative attacks
- Monetary unions
- pt. 2. Macroeconomic interdependence. International policy cooperation
- Political responses to external shocks
- pt. 3. International capital and aid flows. Capital controls
- Sovereign borrowing
- Foreign aid
- 13. Economic reform and transition. Defining the issues. Economic and oolitical constraints
- The implications of magnitude
- a formal analysis
- Heterogeneity and political constraints
- Labor reallocation
- Privatization
- Price liberalization
- 14. The size of government and the number of nations. The scope of government
- The size of government
- government spending
- Government debt and deficits
- Budgetary rules and institutions
- The number of nations.