Macroeconomic Policies and Institutions
AbstractWhy since at least two decades macroeconomic policies have been so active in the US and so passive in Europe? I contend that social norms have changed and that the new norms call for a greater degree of inequality. Then macroeconomic policies have to be active in the United States and passive in Europe. The change in the social norm was mainly led by the new generation of elites born after WW2 educated in a context where individual successes were more affected to individuals than to the collective action which has contributed to build the public goods they have benefited from.
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Bibliographic InfoPaper provided by Observatoire Francais des Conjonctures Economiques (OFCE) in its series Documents de Travail de l'OFCE with number 2006-06.
Date of creation: 2006
Date of revision:
Other versions of this item:
- NEP-ALL-2006-04-22 (All new papers)
- NEP-CBA-2006-04-22 (Central Banking)
- NEP-MAC-2006-04-22 (Macroeconomics)
- NEP-PKE-2006-04-22 (Post Keynesian Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Austerity and Ideology
by Francesco Saraceno in Sparse Thoughts of a Gloomy European Economist on 2013-01-08 16:01:16
- repec:spo:wpecon:info:hdl:2441/53r60a8s3kup1vc9k2c8h4u2h is not listed on IDEAS
- Mauro Napoletano & Jean-Luc Gaffard, 2009.
"Country Size, Appropriate Policy, and Economic Performance: Some Evidence from OECD Countries,"
Documents de Travail de l'OFCE
2009-08, Observatoire Francais des Conjonctures Economiques (OFCE).
- Mauro Napoletano & Jean-Luc Gaffard, 2009. "Country Size, Appropriate Policy, and Economic Performance: Some Evidence from OECD Countries," Sciences Po publications 2009-08, Sciences Po.
- Jean-Paul Fitoussi & Francesco Saraceno, 2013.
"European economic governance: the Berlin–Washington Consensus,"
Cambridge Journal of Economics,
Oxford University Press, vol. 37(3), pages 479-496.
- Jean-Paul Fitoussi & Francesco Saraceno, 2012. "European economic governance: the Berlin-Washington consensus," Documents de Travail de l'OFCE 2012-20, Observatoire Francais des Conjonctures Economiques (OFCE).
- Jean-Paul Fitoussi & Francesco Saraceno, 2012. "European economic governance the Berlin-Washington consensus," Sciences Po publications 2012-20, Sciences Po.
- Fiorella Kostoris Padoa Schioppa, 2006. "The 2005 Reform of the Stability and Growth Pact: Too Little, Too Late?," Bruges European Economic Research Papers 6, European Economic Studies Department, College of Europe.
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