Title
What Does the Public Know about Economic Policy, and How Does It Know It?
Author(s)
Alan S. Blinder Alan Blinder (Princeton University)
Alan B. Krueger Alan Krueger (Princeton University)
Abstract
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.
Creation Date
2004-05
Section URL ID
CEPS
Paper Number
99
URL
https://gceps.princeton.edu/wp-content/uploads/2017/01/99blinderkrueger.pdf
File Function
Jel
D12, D72, E60
Keyword(s)
Suppress
false
Series
3