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Author:Clark, W.
Title:International and domestic constraints on political business cycles in OECD economies
Journal:International Organization
1998 : WINTER, VOL. 52:1, p. 87-148
Index terms:INTERNATIONAL
DOMESTIC TRADE
OECD
Language:eng
Abstract:The effect of increased capital mobility on the national control of macroeconomic policy continues to be a topic of debate. Empirical contributions to this debate share the assumption that domestic macroeconomic policy is driven by either partisan or countercyclical motivations, and that the effects of international financial flows have roughly similar effects in all countries. This article reevaluates the integration hypothesis in a framework in which manipulations of the macroeconomy derive from opportunistic motivations.
SCIMA record nr: 173343
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