IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03051855.html
   My bibliography  Save this paper

Macroeconomics under Pressure: The Feedback Effects of Economic Expertise

Author

Listed:
  • Matthieu Renault

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

Abstract

he influence of macroeconomists' on policymakers through economic expertise is usually taken for granted. Yet, the reverse proposal appears far less elusive and as significant. From the analysis of Malinvaud's writings, I set forth three significant feedback effects of economic expertise on macroeconomics, which has (i) become oversensitive to the results of economic policies, (ii) behaved as a tool for decision-making, and (iii) been impelled to search for internal consensus in order to guide policymaking. Taken together, these feedback effects of economic expertise draw how macroeconomics has been structurally intertwined with policymakers' needs and issues since World War II, thus providing new insights on the "Keynesian consensus" in France and the broader history of macroeconomics.

Suggested Citation

  • Matthieu Renault, 2022. "Macroeconomics under Pressure: The Feedback Effects of Economic Expertise," Post-Print hal-03051855, HAL.
    • Handle: RePEc:hal:journl:hal-03051855
    DOI: 10.1080/09672567.2022.2148711
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03051855. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.