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Raising the bar for incumbents
Authoer: Hans Gersbach
Paper download: (click here)
Date posted: January 3, 2012
Abstract:
Incumbent politicians have a host of advantages in US elections; members of the US Congress are typically re-elected about 90% of the time. This column argues that such a head start can often be bad for the country, with leaders focusing on short-term populist policies rather than the greater good. It suggests raising the bar for incumbent candidates.
Money and banking – realigned efficiently
Authoer: Hans Gersbach
Paper download: (click here)
Date posted: October 12, 2011
Abstract:
Current macroeconomic policymaking suffers from an inadequate range of instruments and the absence of a comprehensive assignment of responsibilities. This column introduces a new CEPR Policy Insight designed to remedy these shortcomings. It proposes a framework for monetary, macroprudential, and microprudential policies.
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