Macroeconomic Policies of Developed Democracies

ISBN-13: 9780521004411 / Angielski / Miękka / 2002 / 332 str.

Robert J. Franzese; Jr. Franzese; Peter Lange

Opis

This book synthesizes and extends modern political-economic theory to explain the postwar evolution of macroeconomic policy in developed democracies. The chapters study transfers, debt, and monetary/wage policy-making and outcomes, stressing that participation enhances transfer policy responsiveness to inequality and vice versa, that policy-making veto actors retard fiscal policy adjustments, inducing greater long run debt-responses to all other political-economic stimuli, and that monetary policy's nominal and real effects depend, respectively, on the broader political-economic interest structure and on wage price bargainers' sectorial composition and coordination.

Recenzje

"Robert J. Franzese, Jr. has written an excellent book tha is part of the informative Cambridge Studies in Comparative Politics series...Franzese's book needs to be read by political economists, as it will make a significant contribution to the field." Perspectives on Politics

Spis treści

1. Introduction; 2. The democratic commitment to social insurance; 3. Financing the commitments - public debt; 4. Monetary management of the macroeconomy; 5. Comparative democrative political-economy and macroeconomic-policymaking.