Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129481
Authors: 
Ahluwalia, Montek S.
Year of Publication: 
2015
Series/Report no.: 
WIDER Working Paper 2015/144
Abstract: 
This paper reviews the many areas in which economists play an important role in policy-making, including the quantification of objectives set by political processes, formulation of macroeconomic policy where economists have a dominating role, and also the formulation of sectoral policy where they work in combination with sector experts. It emphasizes that economics is not a sufficiently precise science to ensure that there is wide agreement among economists on all aspects of economic analysis but an articulation of these differences helps policy makers and the public to make more informed decisions. It also highlights the importance of independent review of the effectiveness of policy programmes as an essential support for policy-making.
Subjects: 
multi-dimensional objectives
macro policy
sectoral policy
ISBN: 
978-92-9256-033-1
Document Type: 
Working Paper

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