Economic politics : the costs of democracy /

Keech, William R.

Economic politics : the costs of democracy / William R. Keech. - Cambridge [England] ; New York, NY : Cambridge University Press, 1996. - xiii, 241 p. ; 23 cm.

Includes bibliographical references (p. 223-236) and index.

1. Macroeconomic Politics and the Costs of Democracy --
2. Macroeconomic Theories and Their Political Implications --
3. Models of Accountability and Opportunism: The Electoral Cycle --
4. Models of Choice: Partisanship --
5. The Authority of Macroeconomic Goals --
6. Voters, Elections, Accountability, and Choice --
7. Discretion and Accountability in the Fiscal Policy Process --
8. Discretion and Accountability in the Monetary Policy Process --
9. The Costs of Democracy.


This book raises and addresses questions about the consequences of democratic institutions for economic performance. Do institutions of accountability inside and outside government through periodic elections produce desired results? Do they lead to manipulation of the economy over an electoral cycle, or to the pursuit of partisan goals at odds with a general societal interest?


Errata slip inserted.

0521462061 (hbk.) 9780521462068 (hbk.) 0521467683 (pbk.) 9780521467681 (pbk.)


Democracy--Economic aspects--United States.
Democracia --Aspectos económicos --Estados Unidos.
Gobierno representativo--Aspectos económicos --Estados Unidos.
Representative government and representation--Economic aspects--United States.
Democratie.

Economics Related to Politics United States

JK 271 / K26e 1996

338.9