A Test of the Cost and Benefits of Policy Intervention
AbstractUsing a Keynesian model of regulated Brownian motion with an indogenous producer/investor term, clark and Jokung (1998) showed that anticipated macroeconomic intervention can be effective in reducing fluctuations in economic policy. They also showed that the price of reduced volatility due to imperfect macroeconomic intervention is a reduction in levels of output. In this paper we use panel data for 64 countries over the period 1970-1995 to test these propositions.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Middlesex University - School of Economics in its series Papers with number 68.
Length: 20 pages
Date of creation: 1999
Date of revision:
Contact details of provider:
Postal: U.K.; School of Economics, Middlesex University Business School, the Burroughs, London NW4 4BT
Phone: 44(020) 8362 5981
Fax: 44(020) 8362 5981
Web page: http://www.mdx.ac.uk/www/economics/
More information through EDIRC
ECONOMIC POLICY ; STATE INTERVENTION;
Find related papers by JEL classification:
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).
If references are entirely missing, you can add them using this form.