We are delighted to have Kevin Grier guest blogging with us this week. Kevin is a pioneer in the political economy of macroeconomics. Kevin’s early work on political business cycles established that politicians do attempt to manipulate the economy via the money supply. Later, in a series of papers with Tony Caporale, Kevin showed that changes in the real interest rate can be explained via political regime shifts. My favorite paper of Kevin’s is Congressional
Influence on
Monetary Policy: An Empirical Test (JME 91, subs. req.) which is a great example of how to combine different types of evidence to convincing effect. But Kevin’s greatest contribution to economics? Well, I am to modest to say and no doubt Kevin is too embarrassed.
Kevin is also an expert on low-watt tube amplifiers, check it out here. Welcome Kevin!
Nice to see Tony Caporale get some recognition on MR. This definitely helps justify why he is my favorite Economics Prof here at Ohio U. Now if only he would teach more classes…
Eventually we’ll pass all responsibility for economic policy over to a clique of economists. If politicians can’t be trusted with interest rates, then why not everything else?
Is this the proper time to question his thesis about election cycles or should that wait until he actually post?
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