| Macroeconomic Policies of Developed Democracies Contributor(s): Franzese Jr, Robert J. (Author) |
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ISBN: 0521004411 ISBN-13: 9780521004411 Publisher: Cambridge University Press OUR PRICE: $37.04 Product Type: Paperback - Other Formats Published: February 2002 Annotation: This book synthesizes and extends modern political-economic theory to explain the postwar evolution of macroeconomic policy in developed democracies. Chapters II-IV 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. Broadly, the book argues that these developments have exacerbated the distributional conflicts inherent in the policies to which postwar governments had committed while undermining their more-universally desired efficiency-fostering roles. Battles that once raged primarily over policies conducted within postwar-commitment frameworks now rage over the putative 'reforms' of the frameworks that will set the institutional rules within which democratic struggle over macroeconomic policy and free-market competition will continue. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics - Political Science | Public Policy - Economic Policy - Political Science | Political Ideologies - Democracy |
| Dewey: 339.5 |
| LCCN: 2001035033 |
| Series: Movements in Modern Art |
| Physical Information: 0.9" H x 6" W x 8.9" (1.15 lbs) 332 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |
