What Does the Public Know about Economic Policy, and How Does It Know It?

A long tradition in economic theory models economic policy decisions as solutions to optimization problems solved by rational and well-informed agents: A single policymaker minimizes a loss function subject to some constraints. Another body of literature models policy decisions as if they were made by well-informed voters in elections of some sort.

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Year of publication:	2004-05
Authors:	Blinder, Alan S. ; Krueger, Alan B.
Institutions:	Griswold Center for Economic Policy Studies, Department of Economics

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 103
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005738433