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• catalog abstract ""Here, in the first full-length examination of how political forces affect economic policy decisions, Allan Drazen provides a systematic treatment, organizing the increasingly influential "new political economy" as a more established field at the highly productive intersection of economics and political science." "Although he provides an extraordinarily helpful guide to the recent explosion of papers on political economy in macroeconomics, Drazen moves far beyond survey, giving definition and structure to the field." "This text will have an impact on students and professionals in political science as well as economics, redefining how decision makers on several continents think about the full range of macroeconomic issues and informing the approaches of the next generation of economists."--Jacket.".
• catalog contributor b11639278.
• catalog created "c2000.".
• catalog date "2000".
• catalog date "c2000.".
• catalog dateCopyrighted "c2000.".
• catalog description ""Here, in the first full-length examination of how political forces affect economic policy decisions, Allan Drazen provides a systematic treatment, organizing the increasingly influential "new political economy" as a more established field at the highly productive intersection of economics and political science." "Although he provides an extraordinarily helpful guide to the recent explosion of papers on political economy in macroeconomics, Drazen moves far beyond survey, giving definition and structure to the field."".
• catalog description ""This text will have an impact on students and professionals in political science as well as economics, redefining how decision makers on several continents think about the full range of macroeconomic issues and informing the approaches of the next generation of economists."--Jacket.".
• catalog description "Imperfect capital markets, externalities, and endogenous income distribution -- Political institutions and regimes -- Socio-political instability -- Empirical determinants of growth -- 12. The international economy. pt. 1. Exchange-rate arrangements. Fixed versus flexible exchange rates -- Currency crises and contagious speculative attacks -- Monetary unions -- pt. 2. Macroeconomic interdependence. International policy cooperation -- Political responses to external shocks -- pt. 3. International capital and aid flows. Capital controls -- Sovereign borrowing -- Foreign aid -- 13. Economic reform and transition. Defining the issues. Economic and oolitical constraints -- The implications of magnitude -- a formal analysis -- Heterogeneity and political constraints -- Labor reallocation -- Privatization -- Price liberalization -- 14. The size of government and the number of nations. The scope of government --".
• catalog description "Includes bibliographical references (p. [735]-763) and indexes.".
• catalog description "Laws, constitutions, and social contracts -- Delegation of authority -- Central bank independence -- Fiscal structures for time consistency -- 6. Credibility and reputation. Reputation -- "Reputation" under complete information -- Reputation under incomplete information -- mimicking -- Does reputation "solve" the time-consistency problem? Three caveats -- Signaling -- Reputation for not reneging on commitments -- Credibility and external circumstances -- Ambiguity, secrecy, and imprecise control -- Part III: Heterogeneity and conflicting interests -- 7. Elections and changes of policymakers. Elections and policymaker performance -- The opportunistic political business cycle -- Partisan political cycles -- Competence and prospective voting -- Campaign promises -- Interactions of the executive and the legislature -- Multiparty systems and endogenous election dates -- Tying the hands of one's replacement -- 8. Redistribution.".
• catalog description "Part I: Basic issues and tools of analysis. 1. What is a political economy? Politics and economics -- Types of heterogeneity -- An illustration of approaches -- Plan of the book -- 2. Economic models for political analysis. The principal-agent problem -- Discrete time dynamic models -- dynamic programming -- The overlapping generations model -- Effects of uncertain future policies -- 3. Decisionmaking mechanisms. How much political detail? -- Choosing decisionmaking mechanisms -- Direct democracy -- Representative democracy -- Multiparty systems -- Interest groups and lobbying -- Transaction cost politics -- Part II: Commitment, credibility, and reputation. 4. The time-consistency problem. Capital taxation -- Time inconsistency as a conflict of interests -- The Barro-Gordon model -- Seigniorage revenue and the optimum quantity of money -- Commitment versus flexibility -- 5. Laws, institutions, and delegated authority.".
• catalog description "Redistribution of income -- Differential transfers -- Nonmonetary redistribution -- Rent seeking and predation -- Intergenerational redistribution -- Redistribution and mobility -- 9. Public goods. Public goods -- the neoclassical approach -- Provision of public goods in practice -- Voluntary provision of public goods -- free riders and collective action -- Voluntary provision of public goods -- clubs -- The static public goods game -- The war of attrition in public goods provision -- 10. Inaction, delay, and crisis. Economic arguments -- Vested interests -- Nonadoption due to uncertainty about individual benefits -- "Communication" failures -- Conflict over the burden of reform -- Common property models -- Economic crises -- Part IV: Application to policy issues. 11. Factor accumulation and growth. Basic models of fiscal policy and capital accumulation --".
• catalog description "The size of government -- government spending -- Government debt and deficits -- Budgetary rules and institutions -- The number of nations.".
• catalog extent "xiv, 775 p. :".
• catalog identifier "0691016704 (cloth : alk. paper)".
• catalog issued "2000".
• catalog issued "c2000.".
• catalog language "eng".
• catalog publisher "Princeton, N.J. : Princeton University Press,".
• catalog subject "339 21".
• catalog subject "Decision making.".
• catalog subject "Economics.".
• catalog subject "HB172.5 .D73 2000".
• catalog subject "Macroeconomics.".
• catalog subject "Policy sciences.".
• catalog tableOfContents "Imperfect capital markets, externalities, and endogenous income distribution -- Political institutions and regimes -- Socio-political instability -- Empirical determinants of growth -- 12. The international economy. pt. 1. Exchange-rate arrangements. Fixed versus flexible exchange rates -- Currency crises and contagious speculative attacks -- Monetary unions -- pt. 2. Macroeconomic interdependence. International policy cooperation -- Political responses to external shocks -- pt. 3. International capital and aid flows. Capital controls -- Sovereign borrowing -- Foreign aid -- 13. Economic reform and transition. Defining the issues. Economic and oolitical constraints -- The implications of magnitude -- a formal analysis -- Heterogeneity and political constraints -- Labor reallocation -- Privatization -- Price liberalization -- 14. The size of government and the number of nations. The scope of government --".
• catalog tableOfContents "Laws, constitutions, and social contracts -- Delegation of authority -- Central bank independence -- Fiscal structures for time consistency -- 6. Credibility and reputation. Reputation -- "Reputation" under complete information -- Reputation under incomplete information -- mimicking -- Does reputation "solve" the time-consistency problem? Three caveats -- Signaling -- Reputation for not reneging on commitments -- Credibility and external circumstances -- Ambiguity, secrecy, and imprecise control -- Part III: Heterogeneity and conflicting interests -- 7. Elections and changes of policymakers. Elections and policymaker performance -- The opportunistic political business cycle -- Partisan political cycles -- Competence and prospective voting -- Campaign promises -- Interactions of the executive and the legislature -- Multiparty systems and endogenous election dates -- Tying the hands of one's replacement -- 8. Redistribution.".
• catalog tableOfContents "Part I: Basic issues and tools of analysis. 1. What is a political economy? Politics and economics -- Types of heterogeneity -- An illustration of approaches -- Plan of the book -- 2. Economic models for political analysis. The principal-agent problem -- Discrete time dynamic models -- dynamic programming -- The overlapping generations model -- Effects of uncertain future policies -- 3. Decisionmaking mechanisms. How much political detail? -- Choosing decisionmaking mechanisms -- Direct democracy -- Representative democracy -- Multiparty systems -- Interest groups and lobbying -- Transaction cost politics -- Part II: Commitment, credibility, and reputation. 4. The time-consistency problem. Capital taxation -- Time inconsistency as a conflict of interests -- The Barro-Gordon model -- Seigniorage revenue and the optimum quantity of money -- Commitment versus flexibility -- 5. Laws, institutions, and delegated authority.".
• catalog tableOfContents "Redistribution of income -- Differential transfers -- Nonmonetary redistribution -- Rent seeking and predation -- Intergenerational redistribution -- Redistribution and mobility -- 9. Public goods. Public goods -- the neoclassical approach -- Provision of public goods in practice -- Voluntary provision of public goods -- free riders and collective action -- Voluntary provision of public goods -- clubs -- The static public goods game -- The war of attrition in public goods provision -- 10. Inaction, delay, and crisis. Economic arguments -- Vested interests -- Nonadoption due to uncertainty about individual benefits -- "Communication" failures -- Conflict over the burden of reform -- Common property models -- Economic crises -- Part IV: Application to policy issues. 11. Factor accumulation and growth. Basic models of fiscal policy and capital accumulation --".
• catalog tableOfContents "The size of government -- government spending -- Government debt and deficits -- Budgetary rules and institutions -- The number of nations.".
• catalog title "Political economy in macroeconomics / Allan Drazen.".
• catalog type "text".