The Macroeconomic Policy Paradox: Failing by Succeeding

Alan S. Blinder

doi:10.1177/0002716213493080

The Macroeconomic Policy Paradox: Failing by Succeeding

Alan S. Blinder

Research output: Contribution to journal › Article › peer-review

6 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 language	English (US)
Pages (from-to)	26-46
Number of pages	21
Journal	Annals of the American Academy of Political and Social Science
Volume	650
Issue number	1
DOIs	https://doi.org/10.1177/0002716213493080
State	Published - Nov 2013

All Science Journal Classification (ASJC) codes

Sociology and Political Science
General Social Sciences

Keywords

financial crisis
fiscal policy
macroeconomic policy
monetary policy

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10.1177/0002716213493080

Cite this

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The Macroeconomic Policy Paradox: Failing by Succeeding

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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