Monetary policy, delegation and polarisation
Article Abstract:
A research on the relation between delegation of stabilization policy and political polarization was conducted using a simple version of Barro-Gordon's model employed with stochastic shocks to employment. Results show that stabilization policy and the choice of central banker are influenced by political polarization. If political polarization is small, the stabilization policy and the central banker will be opted by voters but if its high, stabilization policy will reflect only the interest of the winning party.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Men without children
Article Abstract:
The conduct of life men without children was assessed in relation to society. Unattached men tend to engage more in crime and substance abuse than their attached counterparts. They are also more prone to accidents and are likely to become victims of crime. Unlike married men, men without children are less attached to the labor force. It was also established that the increase in social pathology can be greatly attributed to social changes, such as the rise in the number of childless men.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Monetary policy; questions of adequacy, design and presentation. Benefit transfers: a cost-effective route from welfare to work
- Abstracts: The advantage to hiding one's hand: speculation and central bank intervention in the foreign exchange market. Thrift stock returns and portfolio interest rate sensitivity
- Abstracts: Richard Goodwin: a short appreciation. Mortality as an indicator of economic success and failure
- Abstracts: An experiment on the pure theory of consumer's behavior. Unions and efficient training. A laboratory study of group polarisation in the team dictator game