Arbeitspapier
A theory of economic policy lock-in and lock-out via hysteresis: Rethinking economists' approach to economic policy
This paper explores lock-in and lock-out via economic policy. It argues policy decisions may near-irrevocably change the economy's structure, thereby changing its performance. That causes changed economic outcomes concerning distribution of wealth, income and power, which in turn induces locked-in changes in political outcomes. That is a different way of thinking about policy compared to conventional macroeconomic stabilization theory. The latter treats policy as a dial which is dialed up or down, depending on the economy's state. Lock-in policy is illustrated by the euro, globalization, and the neoliberal policy experiment.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Discussion Papers ; No. 2016-50
- Klassifikation
-
Wirtschaft
- Thema
-
economic policy
lock-in
hysteresis
globalization
euro
neoliberalism
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Palley, Thomas I.
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Palley, Thomas I.
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2016
Ähnliche Objekte (12)
A theory of economic policy lock-in and lock-out via hysteresis: Rethinking economists' approach to economic policy
A theory of economic policy lock-in and lock-out via hysteresis : Rethinking economists' approach to economic policy
A theory of economic policy lock-in and lock-out via hysteresis: rethinking economists’ approach to economic policy
A theory of economic policy lock-in and lock-out via hysteresis : Rethinking economists' approach to economic policy
Lock-in Thermography
Innovation and lock-in
Inefficient lock-in and subsidy competition
Inefficient lock-in and subsidy competition
Customer Lock-in During Service Encounters
Optimal environmental policy with network effects: Is lock-in in dirty technologies possible?
Lock-In Effects in Online Labor Markets
Technology Lock-In and Optimal Carbon Pricing
A theory of economic policy lock-in and lock-out via hysteresis: Rethinking economists' approach to economic policy
A theory of economic policy lock-in and lock-out via hysteresis : Rethinking economists' approach to economic policy
A theory of economic policy lock-in and lock-out via hysteresis: rethinking economists’ approach to economic policy
A theory of economic policy lock-in and lock-out via hysteresis : Rethinking economists' approach to economic policy
Lock-in Thermography
Innovation and lock-in
Inefficient lock-in and subsidy competition
Inefficient lock-in and subsidy competition
Customer Lock-in During Service Encounters
Optimal environmental policy with network effects: Is lock-in in dirty technologies possible?
Lock-In Effects in Online Labor Markets
Technology Lock-In and Optimal Carbon Pricing
A theory of economic policy lock-in and lock-out via hysteresis: Rethinking economists' approach to economic policy
A theory of economic policy lock-in and lock-out via hysteresis : Rethinking economists' approach to economic policy
A theory of economic policy lock-in and lock-out via hysteresis: rethinking economists’ approach to economic policy
A theory of economic policy lock-in and lock-out via hysteresis : Rethinking economists' approach to economic policy
Lock-in Thermography
Innovation and lock-in
Inefficient lock-in and subsidy competition
Inefficient lock-in and subsidy competition
Customer Lock-in During Service Encounters
Optimal environmental policy with network effects: Is lock-in in dirty technologies possible?
Lock-In Effects in Online Labor Markets