Endogenous economic policy - What do politicians want?
3 important questions on Endogenous economic policy - What do politicians want?
What is the intuition behind the public support equation?
That politicians want to be in office. For that they need public support, public support is highly correlated with low inflation and high employment
What is a government indifference curve?
A curve with all (π,Y) combinations resulting in the same value of s
What is another term for government indifference curve?
iso-support curve
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