Chapter 5

Click on the following links - please note these will open in a new window

SAGE Journals User Guide

Blinder, A.S. (November 2013). The Macroeconomic Policy Paradox: Failing by Succeeding. The ANNALS of the American Academy of Political and Social Science. 650(1). 26-46.

• What is the “macroeconomic policy paradox”?
   
• What is the author’s argument about the paradox, and how does it relate to the debate outlined in the textbook about Keynesianism and monetarism?
   
• According to the author, what are the main reasons the American public ultimately opposed “what were largely successful government policy interventions”? (40)

Campello, D. (July 2013). The Politics of Financial Booms and Crises: Evidence from Latin America. Comparative Political Studies (XX)X. 1-27.

• What are the author’s main hypotheses and how do they relate to the existing scholarship?
   
• How does the author test the hypotheses? What are the variables? What are the results?
   
• Consider the case study of Mexico in chapter 5 of the textbook. How do the findings reflect the discussion of Mexico there?

Liou, Y. & Musgrave, P. (December 2013). Refining the Oil Curse: Country-Level Evidence From Exogenous Variation in Resource Income. Comparative Political Studies (XX)X. 1-27.

• What is the research question the authors address in this article, and how does it respond to existing scholarship?
   
• What are their hypotheses and how do they test them?
   
• What are their findings? What bearing do they have on the discussion of Nigeria in the case study in chapter 5?