Macroeconomic Policies of Developed Democracies
By (author) Robert J. Franzese, Jr.
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Macroeconomic Policies of Developed Democracies by Robert J. Franzese, Jr.
Book DescriptionThis book synthesizes and extends modern political-economic theory to explain the postwar evolution of macroeconomic policy in developed democracies. Chapters 2-4 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.
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Book DetailsISBN: 9780521004411
(228mm x 152mm x 19mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 11-Feb-2002
Country of Publication: United Kingdom
Books By Author Robert J. Franzese, Jr.
Quantitative Research in Political Science, Hardback (June 2015)
This five-volume Major Work brings together the key articles that laid the foundations, extended and deepened the techniques, and demonstrated the application of the empirical-methodological toolbox of modern positive political science.
Macroeconomic Policies of Developed Democracies, Hardback (February 2002)» View all books by Robert J. Franzese, Jr.
Modern political-economic theory explains the postwar evolution of macroeconomic policy in developed democracies.
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