Macroeconomics and the Law
Posted: 8 Nov 2019
Date Written: October 25, 2019
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.
Keywords: Law and Macroeconomics, Law and Economics, Unemployment, Growth
JEL Classification: E3, E4, E5, E6, K00
Suggested Citation: Suggested Citation