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The Macroeconomic Policy Paradox

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  • Alan S. Blinder

Abstract

While objections can be (and have been) raised, the U.S. government’s multifaceted macroeconomic policy responses to the financial crisis after September 2008 appear to have been quite effective. Yet, politically, they are more reviled than admired. The paradox is that economic success—in the sense of averting much worse outcomes—turned into political failure. This article asks why.

Suggested Citation

  • Alan S. Blinder, 2013. "The Macroeconomic Policy Paradox," The ANNALS of the American Academy of Political and Social Science, , vol. 650(1), pages 26-46, November.
    • Handle: RePEc:sae:anname:v:650:y:2013:i:1:p:26-46
    DOI: 10.1177/0002716213493080
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    References listed on IDEAS

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