Part I. Introduction: 1. Macroeconomic politics and the costs and risks of democracy; 2. Macroeconomic theories and their political implications; Part II. Models of Macroeconomic Politics: 3. Models of accountability and opportunism: the electoral cycle; 4. Models of choice: partisanship; 5. Unintended consequences, moral hazard, and time consistency; Part III. The Sources and Authority of Macroeconomic Goals: 6. The authority of macroeconomic goals; 7. Voters, elections, accountability, and choice; Part IV. Institutions and Processes: 8. Rules, discretion, and accountability in the monetary policy process; 9. Rules, discretion, and accountability in the fiscal policy process; Part IV. Conclusion: 10. The costs and risks of democracy.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.