Credibility of Economic Policy

Douglas Galbi

Distribution: Income, Wealth, Other
Welfare Economics: Allocative Efficiency, Externalities, Fairness, Altruism
Common Pool Resources
Public Economics
Economic Development, Technological Change, and Growth
Distribution: Income, Wealth, Other

Interactive Tutorial

This Learning Module will introduce you to the issue of economic policy credibility. Using a simple formal model, you can see how differences in public beliefs can cause the same policy action to produce different outcomes. For an analytical framework to evaluate public beliefs, examine six concepts relating to the credibility of economic policy. For real world experience, there are case summaries for you to consider.