Published March 1992 | Version Submitted
Working Paper Open

Rules, Discretion, and Accountability in Macroeconomic Policymaking

Abstract

Arguments for rules rather than discretion in macroeconomic policymaking facilitate the understanding of some fundamental issues of democratic theory. This article reviews four such arguments, and relates them to issues of delegation and accountability in representative government.

Additional Information

I would like to thank Henry Chappell, Kenneth Coleman, Thomas Hammond, Roderick Kiewiet, Laura Langbein, Michael Munger, Joseph Rees, Donald Searing, and Stephen Weatherford for their comments on a previous version. Published as Keech, William R. "Rules, discretion, and accountability in macroeconomic policymaking." Governance 5, no. 3 (1992): 259-278.

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Eprint ID
80938
Resolver ID
CaltechAUTHORS:20170829-161329587

Dates

Created
2017-08-30
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Updated
2019-10-03
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Social Science Working Papers
Series Name
Social Science Working Paper
Series Volume or Issue Number
789