IDEAS home Printed from https://ideas.repec.org/a/bla/jecsur/v14y2000i5p527-561.html
   My bibliography  Save this article

Political Macroeconomics: A Survey of Recent Developments

Author

Listed:
  • Manfred Gärtner

Abstract

The paper surveys political macroeconomics, covering its development from Rogoff’s conservative central banker to the most recent discussions of monetary policy and institutional design. Topics include the inflation‐stabilization trade‐off, central bank independence with escape clauses and overruling with costs, inflation targets, performance contracts for monetary authorities, and the consequences of output persistence for these issues. Further topics are the political business cycle when output is persistent, the political macroeconomics of fiscal policy, the government spending bias, and the game‐theoretic interaction between fiscal and monetary policy. All work is discussed within a coherent analytical framework.

Suggested Citation

  • Manfred Gärtner, 2000. "Political Macroeconomics: A Survey of Recent Developments," Journal of Economic Surveys, Wiley Blackwell, vol. 14(5), pages 527-561, December.
    • Handle: RePEc:bla:jecsur:v:14:y:2000:i:5:p:527-561
    DOI: 10.1111/1467-6419.00124
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-6419.00124
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-6419.00124?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Corinne Aaron-Cureau & Hubert Kempf, 2006. "Bargaining over monetary policy in a monetary union and the case for appointing an independent central banker," Oxford Economic Papers, Oxford University Press, vol. 58(1), pages 1-27, January.
    2. Gernot Sieg & Irem Batool, 2012. "Pakistan, Politics and Political Business Cycles," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 51(2), pages 153-166.
    3. Manfred Gärtner, 2008. "The Political Economy of Monetary Policy Conduct and Central Bank Design," Springer Books, in: Readings in Public Choice and Constitutional Political Economy, chapter 24, pages 423-446, Springer.
    4. Manfred Gärtner, 2002. "Monetary policy and central bank behaviour," University of St. Gallen Department of Economics working paper series 2002 2002-24, Department of Economics, University of St. Gallen.
    5. Gebhard Kirchgassner, 2002. "The effects of fiscal institutions on public finance: a survey of the empirical evidence," Chapters, in: Stanley L. Winer & Hirofumi Shibata (ed.), Political Economy and Public Finance, chapter 9, Edward Elgar Publishing.
    6. Caleiro, António & Guerreiro, Gertrudes, 2003. "Understanding the Election Results in Portugal. A spatial econometrics point of view," EconStor Preprints 142695, ZBW - Leibniz Information Centre for Economics.
    7. Agustin Alonso-Rodriguez, 2002. "Prices and interest rate behavior in the European Monetary Union: The first 18 months," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 8(4), pages 287-295, November.
    8. Gertrudes Saúde Guerreiro & António Caleiro, 2003. "Explaining the Election Results in Portugal: A Spatial Econometrics Point of View," ERSA conference papers ersa03p523, European Regional Science Association.
    9. Caleiro, António, 2009. "How upside down are political business cycles when there is output persistence," Research in Economics, Elsevier, vol. 63(1), pages 22-26, March.
    10. António Caleiro, 2005. "How to Classify a Government? Can a Neural Network do it?," Economics Working Papers 9_2005, University of Évora, Department of Economics (Portugal).
    11. Zafar Hayat & Saher Masood, 2022. "Inflation Targeting Skepticism: Myth or Reality? A Way Forward for Pakistan (Article)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 61(1), pages 1-27.
    12. Goeminne Stijn & Smolders Carine, 2010. "Strategic Use of Debt in Flemish Municipalities," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-31, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jecsur:v:14:y:2000:i:5:p:527-561. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.