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Author: | Gärtner, M. |
Title: | Political macroeconomics: a survey of recent developments |
Journal: | Journal of Economic Surveys
2000 : DEC, VOL. 14:5, p. 527-561 |
Index terms: | Macroeconomics Monetary economics Inflation policy Economic performance Bias Political economy |
Language: | eng |
Abstract: | The paper surveys political macroeconomics. Topics include the inflation-stabilization trade-off, central bank indipendence with escape clauses and overruling with costs, inflation targets, performance contracts for monetary authorities, and the consequences of output persistence for these issues. |
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