This chapter unpacks the puzzles of monetary regime change at the heart of this volume, presents a critique of the key positions in the debate, and lays the foundations for our politics-based argument. We present the theoretical median voter-based model that underpins our argument and unpack its crucial dimensions.

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Understanding Macroeconomic Regime Shifts

  • Bob Hancké,
  • Tim Vlandas

摘要

This chapter unpacks the puzzles of monetary regime change at the heart of this volume, presents a critique of the key positions in the debate, and lays the foundations for our politics-based argument. We present the theoretical median voter-based model that underpins our argument and unpack its crucial dimensions.