Political economy, especially analysis that emphasizes incentives and knowledge, can offer insights about which rules for monetary policy would best help to stabilize the macroeconomy and prevent disasters such as the recent financial crisis. It can also tell us something about which monetary rules are more likely to be implemented.

Other Independent Review articles by Alexander William Salter
    Fall 2018   Space Capitalism
    Spring 2018   The Political Economy of Public Debt
    Spring 2017   Constitutional Drift and Political Dysfunction
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