Macroeconomics and the Law

被引:5
|
作者
Listokin, Yair [1 ]
Murphy, Daniel [2 ]
机构
[1] Yale Univ, Yale Law Sch, New Haven, CT 06511 USA
[2] Univ Virginia, Darden Sch Business, Charlottesville, VA 22903 USA
关键词
macroeconomics; law; stabilization policy; growth;
D O I
10.1146/annurev-lawsocsci-032719-110419
中图分类号
D9 [法律]; DF [法律];
学科分类号
0301 ;
摘要
This article surveys recent work on the role of law in determining economic aggregates such as gross domestic product, unemployment, inflation, and productivity growth. We provide a brief overview of macroeconomics and discuss how legal interventions and institutional arrangements such as monetary, fiscal policy, financial regulation, and other legal changes can stabilize business cycles. Finally, we discuss the role of the law in promoting economic growth.
引用
收藏
页码:377 / 396
页数:20
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