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Substitutability and the Politics of Macroeconomic Policy

Bibliographic Data

ID6387888
AuthorsRichard Jankowski (0000-0003-4230-5374, SUNY Fredonia), Christopher Wlezien (0000-0002-0719-697X, University of Houston)
Year1993
Volume55
Issue4
Pages1060-1080
Publication date1993-11-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueThe Journal of Politics (JOURNAL)
Journal identifiersISSN: 0022-3816 • E-ISSN: 1468-2508
PublisherUniversity of Chicago Press (PUBLISHER • US)
DOI10.2307/2131948
OpenAlexW2099048843
LanguageEN
Citations received8
References cited75

A common thread unites the research on the politics of macroeconomic policy, namely, that specific policy instruments are targeted at specific policy goals. Policy substitutability, the use of different policy instruments to affect the same goal, is implicitly denied. Yet, economic theory indicates that policymakers have multiple policy instruments at their disposal that can be used alternately or in some combination to manipulate their economies. This paper explicitly addresses macroeconomic policy substitutability among a set of advanced industrial nations, and focuses on whether certain policies are being used together by governments for political purposes

Economic policy · Economics · Macroeconomics · Policy analysis · Political science · Politics · Public economics · Set (abstract data type · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Law · Monetary Policy and Economic Impact · Public Administration

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Unique citing works8
Citations per year0,26
Citation span1995 - 2025 (31)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 8

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