The Macroeconomic Policy Paradox: Failing by Succeeding

Research output: Contribution to journalArticle

3 Scopus citations

Abstract

While objections can be (and have been) raised, the U.S. government's multifaceted macroeconomic policy responses to the financial crisis after September 2008 appear to have been quite effective. Yet, politically, they are more reviled than admired. The paradox is that economic success-in the sense of averting much worse outcomes-turned into political failure. This article asks why.

Original languageEnglish (US)
Pages (from-to)26-46
Number of pages21
JournalAnnals of the American Academy of Political and Social Science
Volume650
Issue number1
DOIs
StatePublished - Nov 1 2013

All Science Journal Classification (ASJC) codes

  • Sociology and Political Science
  • Social Sciences(all)

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