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Macroecon Pol Developed Democracies (Cambridge Studies in Comparative Politics) - Softcover

Franzese, Robert J.

 
9780521004411: Macroecon Pol Developed Democracies (Cambridge Studies in Comparative Politics)
Softcover
ISBN 10: 0521004411 ISBN 13: 9780521004411
Publisher: Cambridge University Press, 2002

Synopsis

This 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.

"synopsis" may belong to another edition of this title.

Review

"[A] masterly treatment of post-war economic management in advanced industrial democracies." Journal of Politics

"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

Book Description

This 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.

"About this title" may belong to another edition of this title.

Publisher
Cambridge University Press
Publication date
2002
Language
English
ISBN 10 
0521004411
ISBN 13 
9780521004411
Binding
Paperback
Number of pages
332