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- catalog abstract ""This book synthesizes and extends modern political-economic theory to show how varying interest and institutional structures and shared exposure to similar economic challenges interact to explain commonalities and divergences in the postwar evolution of macroeconomic policies in developed democracies. Where more participatory institutions enhanced governmental responsiveness to inequality and economic hardship, transfers grew more dramatically. Where more fractionalized governments retarded fiscal-policy adjustment rates, debt responses to spending growth, shocks, and other conditions were greatly magnified. These differently rising costs of transfers and debt spurred anti-inflationary policy shifts that amplified fiscal problems and proved more costly where monetary conservatives confronted less coordinated, public-sector-led rather than more coordinated, traded-sector-led wage-price bargainers. The book shows how such multiple interactions among political-economic institutions and interests induce differing policy choices and effects across democracies; how to model such complexly interactive propositions empirically compactly and substantively revealingly; how such arguments and models explain the evolution of developed democracies' macroeconomic policies from postwar commitments to full employment and social insurance to more recent conservative monetary, fiscal, and other "reforms"; and how political conflicts over such policy and institutional choices always were and still remain primarily about distribution, and only subsidiarily about efficiency, whatever partisan protagonists may claim."--Jacket.".
- catalog contributor b12566048.
- catalog created "2002.".
- catalog date "2002".
- catalog date "2002.".
- catalog dateCopyrighted "2002.".
- catalog description ""This book synthesizes and extends modern political-economic theory to show how varying interest and institutional structures and shared exposure to similar economic challenges interact to explain commonalities and divergences in the postwar evolution of macroeconomic policies in developed democracies. Where more participatory institutions enhanced governmental responsiveness to inequality and economic hardship, transfers grew more dramatically. Where more fractionalized governments retarded fiscal-policy adjustment rates, debt responses to spending growth, shocks, and other conditions were greatly magnified.".
- catalog description "Includes bibliographical references (p. 279-300) and index.".
- catalog description "Introduction -- The democratic commitment to social insurance -- Financing the commitments : public debt -- Monetary management of the macroeconomy -- Comparative democratic political economy and macroeconomic policy making.".
- catalog description "The book shows how such multiple interactions among political-economic institutions and interests induce differing policy choices and effects across democracies; how to model such complexly interactive propositions empirically compactly and substantively revealingly; how such arguments and models explain the evolution of developed democracies' macroeconomic policies from postwar commitments to full employment and social insurance to more recent conservative monetary, fiscal, and other "reforms"; and how political conflicts over such policy and institutional choices always were and still remain primarily about distribution, and only subsidiarily about efficiency, whatever partisan protagonists may claim."--Jacket.".
- catalog description "These differently rising costs of transfers and debt spurred anti-inflationary policy shifts that amplified fiscal problems and proved more costly where monetary conservatives confronted less coordinated, public-sector-led rather than more coordinated, traded-sector-led wage-price bargainers.".
- catalog extent "xxiv, 306 p. :".
- catalog identifier "0521004411 (pbk.)".
- catalog identifier "0521802946".
- catalog isPartOf "Cambridge studies in comparative politics".
- catalog issued "2002".
- catalog issued "2002.".
- catalog language "eng".
- catalog publisher "Cambridge, UK ; New York : Cambridge University Press,".
- catalog subject "339.5 21".
- catalog subject "Comparative economics.".
- catalog subject "Democracia.".
- catalog subject "Democracy.".
- catalog subject "Economic policy.".
- catalog subject "HD87 .F715 2002".
- catalog subject "Política económica.".
- catalog subject "Sistemas económicos comparados.".
- catalog tableOfContents "Introduction -- The democratic commitment to social insurance -- Financing the commitments : public debt -- Monetary management of the macroeconomy -- Comparative democratic political economy and macroeconomic policy making.".
- catalog title "Macroeconomic policies of developed democracies / Robert J. Franzese, Jr.".
- catalog type "text".