Macroeconomic policies of developed democracies / Robert J. Franzese, Jr.

Format:

Book

Author/Creator:

Franzese, Robert J., 1969-

Series:

Cambridge studies in comparative politics

Language:

English

Subjects (All):

Economic policy.

Comparative economics.

Democracy.

Physical Description:

xxiv, 306 pages : illustrations ; 24 cm.

Place of Publication:

Cambridge, UK ; New York : Cambridge University Press, 2002.

Summary:

Modern political-economic theory explains the postwar evolution of macroeconomic policy in developed democracies.

Contents:

1.2 The Democratic Commitments to Government Involvement in the Macroeconomy 6

1.3 The Evolution of the Policy Commitments and of Macroeconomic Performance 14

1.4 Explaining Policy and Outcome Variation across Democracies over Time 41

1.5 The Political-Economic Implications 49

2 The Democratic Commitment to Social Insurance 62

2.1 Introduction: Motivation, the Explanandum, and a Road Map 62

2.2 Economic Inequality and Demand for Transfers in Pure Democracy 64

2.3 Democratic Management of Transfer Systems by Elected Governments 69

2.4 The Data and Empirical Methods 75

2.5 Empirical Evaluation of the Positive Political Economy of Transfers 85

3 Financing the Commitments: Public Debt 126

3.1 Introduction: Motivation, the Explanandum, and a Road Map 126

3.2 Democratic Management of Public Debt: Theories, Measures, Stylized Facts 128

3.3 Empirical Evaluation of the Positive Political Economy of Public Debt 150

4 Monetary Management of the Macroeconomy 196

4.1 Introduction: Motivation, the Explanandum, and a Road Map 196

4.2 Monetary-Policy-Making and Wage-Price-Bargaining Institutions 199

4.3 A Proposed Synthesis and Extension: Institutional-Structural Interactions 216

4.4 Empirical Evaluation of the Positive Political Economy of Monetary Policy Making and Wage-Price Bargaining 226

5 Comparative Democratic Political-Economy and Macroeconomic Policy Making 256.

Notes:

Includes bibliographical references (pages 279-300) and index.

ISBN:

0521802946

0521004411

OCLC:

46671247