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The Effects of Macroeconomic Policies on Crime

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  • Yeung-Nan Shieh

    (San Jose State University)

Abstract

This paper investigates whether monetary and fiscal policies, such as lump-sum taxes, distortionary taxation and monetization of public deficit, have criminal impacts. We address this question extending the neoclassical monetary growth model. We have demonstrated that fiscal policies affect crime through government spending. Conversely, the effect of monetary policy, especially inflation, on crime depends on the separability of the utility function.

Suggested Citation

  • Yeung-Nan Shieh, 2004. "The Effects of Macroeconomic Policies on Crime," Economics Bulletin, AccessEcon, vol. 11(1), pages 1-9.
    • Handle: RePEc:ebl:ecbull:eb-03k00002
    as

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    References listed on IDEAS

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    1. Stockman, Alan C., 1981. "Anticipated inflation and the capital stock in a cash in-advance economy," Journal of Monetary Economics, Elsevier, vol. 8(3), pages 387-393.
    2. Fender, John, 1999. "A general equilibrium model of crime and punishment," Journal of Economic Behavior & Organization, Elsevier, vol. 39(4), pages 437-453, July.
    3. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 1-54, National Bureau of Economic Research, Inc.
    4. Faria, Joao Ricardo, 1998. "Environment, growth and fiscal and monetary policies," Economic Modelling, Elsevier, vol. 15(1), pages 113-123, January.
    5. Edward L. Glaeser & Bruce Sacerdote, 1999. "Why Is There More Crime in Cities?," Journal of Political Economy, University of Chicago Press, vol. 107(S6), pages 225-258, December.
    6. Chien-Chieh Huang & Derek Laing & Ping Wang, 2004. "Crime And Poverty: A Search-Theoretic Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(3), pages 909-938, August.
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    More about this item

    Keywords

    Crime;

    JEL classification:

    • K0 - Law and Economics - - General
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior

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