Macroeconomic Policy Regimes in Western Industrial Countries

ISBN-13: 9780415561730 / Angielski / Twarda / 2011 / 272 str.

Hansjörg Herr;Milka Kazandziska

Opis

With case studies from the UK, USA, Germany and Japan, this book draws on Keynesian monetarism theories in order to dispel the notion that microeconomic deregulation does not explain the differences in development among Western industrial countries.

Spis treści

1. Introduction 2. Macroeconomic policy regimes and their assessment 2.1 General Characteristics of an Economic Policy Regime 2.2 Financial systems 2.2.1 Prototypes of financial systems 2.2.2 The type of financial system prevailing today 2.3 Foreign economic policy 2.3.1 Institutional changes 2.3.2 External economic constraints and strategies 2.4. Monetary policy 2.4.1 Institutional changes 2.4.2 Monetary policy options 2.5 Wage policy 2.5.1 Wages, prices and the wage norm 2.5.2 Labour market institutions 2.6 Fiscal policy 2.6.1 Institutional changes 2.6.2 Fiscal policy options 2.7 Income distribution 2.7.1 Development of income distribution 2.7.2 Income distribution and growth 2.8 A growth promoting macroeconomic policy regime – a summary 3. Case studies 3.1 The finance-led growth model of the USA 3.2 The "popular" finance-led growth model of the United Kingdom 3.3 The exhaustion of the German export model 3.4 Japan and the return of deflation 4. A New Globalisation: A wage-led and investment-led reform strategy