The Non‐Politics of Monetary Policy

Susanne Lohmann

in The Oxford Handbook of Political Economy

Published in print June 2008 | ISBN: 9780199548477
Published online September 2009 | e-ISBN: 9780191577437 | DOI:

Series: Oxford Handbooks of Political Science

The Non‐Politics of Monetary Policy

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This article studies the non-politics of monetary policy. It argues that there is an urgent need for a macro political economy, which is stuck with an impoverished understanding of political institutions. It looks at the life cycle of social choice, public choice, and political economy and presents an assessment of the contribution of macro political economy. The last two sections are concerned with total special interest gridlock and the poverty of international institutions.

Keywords: non-politics; monetary policy; macro political economy; political institutions; life cycle; social choice; public choice; contribution; total special interest gridlock; poverty of international institutions

Article.  10669 words. 

Subjects: Political Economy ; Public Policy

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