Some Political Economy of Monetary Rules
By Alexander William Salter
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.
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|Spring 2018||The Political Economy of Public Debt:Three Centuries of Theory and Evidence|
|Spring 2017||Constitutional Drift and Political Dysfunction:Underappreciated Maladies of the Political Commons|
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