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From short-term to long-term orientation—political economy of the policy reform process

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  • Andreas Freytag
  • Simon Renaud

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  • Andreas Freytag & Simon Renaud, 2007. "From short-term to long-term orientation—political economy of the policy reform process," Journal of Evolutionary Economics, Springer, vol. 17(4), pages 433-449, August.
    • Handle: RePEc:spr:joevec:v:17:y:2007:i:4:p:433-449
    DOI: 10.1007/s00191-006-0049-x
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    1. Stanley Fischer & Ratna Sahay & Carlos A. Végh, 2002. "Modern Hyper- and High Inflations," Journal of Economic Literature, American Economic Association, vol. 40(3), pages 837-880, September.
    2. Ulrich Witt, 2003. "Economic policy making in evolutionary perspective," Journal of Evolutionary Economics, Springer, vol. 13(2), pages 77-94, April.
    3. William D. Nordhaus, 1989. "Alternative Approaches to the Political Business Cycle," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 20(2), pages 1-68.
    4. Helge Berger & Jakob De Haan & Sylvester C.W. Eijffinger, 2001. "Central Bank Independence: An Update of Theory and Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 15(1), pages 3-40, February.
    5. Witt, Ulrich, 1992. "The Endogenous Public Choice Theorist," Public Choice, Springer, vol. 73(1), pages 117-129, January.
    6. Dani Rodrik, 1996. "Understanding Economic Policy Reform," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 9-41, March.
    7. Jakob De Haan & Erik Leertouwer & Erik Meijer & Tom Wansbeek, 2003. "Measuring central bank independence: a latent variables approach," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(3), pages 326-340, August.
    8. Blackburn, Keith & Christensen, Michael, 1989. "Monetary Policy and Policy Credibility: Theories and Evidence," Journal of Economic Literature, American Economic Association, vol. 27(1), pages 1-45, March.
    9. Andreas Freytag, 2002. "Success and Failure in Monetary Reform," Books, Edward Elgar Publishing, number 2531.
    10. Dominik H. Enste & Friedrich Schneider, 2000. "Shadow Economies: Size, Causes, and Consequences," Journal of Economic Literature, American Economic Association, vol. 38(1), pages 77-114, March.
    11. David Laidler, 2003. "The role of the history of economic thought in modern macroeconomics," Chapters, in: Paul Mizen (ed.), Monetary History, Exchange Rates and Financial Markets, chapter 1, Edward Elgar Publishing.
    12. Mr. Stanley Fischer & Ms. Ratna Sahay & Mr. Carlos A. Végh Gramont, 2002. "Modern Hyper- and High Inflations," IMF Working Papers 2002/197, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Freytag, Andreas & Pehnelt, Gernot, 2009. "Debt Relief and Governance Quality in Developing Countries," World Development, Elsevier, vol. 37(1), pages 62-80, January.
    2. Martin Binder, 2014. "Should evolutionary economists embrace libertarian paternalism?," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 515-539, July.
    3. Miska, Christof & Szőcs, Ilona & Schiffinger, Michael, 2018. "Culture’s effects on corporate sustainability practices: A multi-domain and multi-level view," Journal of World Business, Elsevier, vol. 53(2), pages 263-279.
    4. Leyla Gamidullaeva, 2019. "Neo-institutional Approach for Regional Economic Development: The Impact of Sociocultural Determinants," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 12-25.
    5. Kontodaimon, Martha & Neumärker, Bernhard, 2015. "Two level reform game problems of Greece," The Constitutional Economics Network Working Papers 03-2015, University of Freiburg, Department of Economic Policy and Constitutional Economic Theory.
    6. Luciano Marcello Milone, 2015. "Structural Reforms in the European Union after the Global Crisis: Problems and Prospects," Working Papers in Public Economics 171, University of Rome La Sapienza, Department of Economics and Law.

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    More about this item

    Keywords

    Evolutionary learning process; Active learning; Pathological learning; Long-term orientation; Rules; Time-consistency; Policy reform; B52; D72;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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