Farrokh Langdana

Confidence, Credibility and Macroeconomic Policy (eBook, ePUB)

• Format: ePub

Produktbeschreibung

The results of macroeconomic policy are often unpredictable. One of the major reasons for this is the importance of confidence and expectations in economic affairs. Confidence, Credibility and Macroeconomic Policy explores this interaction between confidence and expectations, and the credibility of the government's financial policies. The volume is divided into three parts. * An overview of the inter-relationship between fiscal policy, credibility and inflation * Empirical research on the importance of public confidence and expectations to the success of fiscal and monetary policy. * The definition and functions of consumer confidence as it is measured today. Confidence, Credibility and Macroeconomic Policy will be an invaluable guide for all those interested in macroeconomic policy.

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Produktdetails

• Verlag: Taylor & Francis eBooks
• Seitenzahl: 236
• Erscheinungstermin: 2. September 2003
• Englisch
• ISBN-13: 9781134851232
• Artikelnr.: 47888281

Autorenporträt

Richard Burdekin is Associate Professor of Economics at Claremont McKenna College and Claremont Graduate School. Farrokh Langdana is Associate Professor of Economics and Finance at Rutgers School of Management.

Inhaltsangabe

Part I Credibility in practice and in experimental Testing 1 Fiscal policy,
credibility and inflation: The critical role of confidence factors 2
Bond-financed deficits, taxation and expectations: An experimental test of
the Ricardian equivalence theorem 3 Monetary credibility and national
output: An experimental verification of the Lucas 'islands' explanation of
business cycles Part II Confidence and credibility factors in historical
Perspective 4 Public confidence and public finance during the American
Civil War: Lessons from North and South 5 Deficit finance, expectations and
real money balances: The operation of the inflation tax in Germany after
the First World War 6 Does exchange rate pegging foster monetary
credibility? Part III Consumer confidence and macroeconomic stabilisation
in the 1990s 7 Consumer confidence in today's macroeconomy: Definition,
measurement and potential importance 8 Consumer confidence and the optimal
timing of effective monetary stabilisation 9 Consumer confidence and
domestic fiscal stabilisation (with Giles Mellon)