Macroeconomic Policy Regimes in Western Industrial Countries

Macroeconomic Policy Regimes in Western Industrial Countries PDF Author: Hansjörg Herr
Publisher: Routledge
ISBN: 113682166X
Category : Business & Economics
Languages : en
Pages : 545

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Book Description
This book analyses how the economic crisis in the 1970s led to the erosion of the regulated type of capitalism that came to be in place after World War II, and paved the way to a Neoliberal Globalisation. Deep structural institutional changes especially in the field of financial markets, labour markets and the international economy became the basis for a liberal type of capitalism which included financial markets in a dominant role. The new neoliberal model fundamentally changed the conditions for all macroeconomic policies. In this book, these macroeconomic policy regimes are discussed on a theoretical level. Macroeconomic Policy Regimes in Western Industrial Countries explains how certain countries have created a more liberal and market-based type of capitalism. The emphasis throughout is on how understanding macroeconomic policies, and the institutional framework in which they operate, is vital to understanding the long-run dynamics of a capitalist economy. The policy regimes that are examined consist of changes in the financial system, monetary policy, fiscal policy, wage policy, and changes in distribution and foreign economic policy. The argument emerges that this deregulated type of capitalism is unacceptably unstable and is only preferable to a minority. Moving on from the finance-driven development of recent decades, the authors take a look at the need for fundamental reforms, including institutional reforms in the areas of national and international financial and labour markets. Case studies from the United States, the United Kingdom, Germany and Japan dating from the 1970s up to today provide the reader with clear examples and analysis of the development in question. This book will be of interest to postgraduates and researchers of economics and political science.

Macroeconomic Policy Regimes in Western Industrial Countries

Macroeconomic Policy Regimes in Western Industrial Countries PDF Author: Hansjörg Herr
Publisher: Routledge
ISBN: 113682166X
Category : Business & Economics
Languages : en
Pages : 545

Get Book

Book Description
This book analyses how the economic crisis in the 1970s led to the erosion of the regulated type of capitalism that came to be in place after World War II, and paved the way to a Neoliberal Globalisation. Deep structural institutional changes especially in the field of financial markets, labour markets and the international economy became the basis for a liberal type of capitalism which included financial markets in a dominant role. The new neoliberal model fundamentally changed the conditions for all macroeconomic policies. In this book, these macroeconomic policy regimes are discussed on a theoretical level. Macroeconomic Policy Regimes in Western Industrial Countries explains how certain countries have created a more liberal and market-based type of capitalism. The emphasis throughout is on how understanding macroeconomic policies, and the institutional framework in which they operate, is vital to understanding the long-run dynamics of a capitalist economy. The policy regimes that are examined consist of changes in the financial system, monetary policy, fiscal policy, wage policy, and changes in distribution and foreign economic policy. The argument emerges that this deregulated type of capitalism is unacceptably unstable and is only preferable to a minority. Moving on from the finance-driven development of recent decades, the authors take a look at the need for fundamental reforms, including institutional reforms in the areas of national and international financial and labour markets. Case studies from the United States, the United Kingdom, Germany and Japan dating from the 1970s up to today provide the reader with clear examples and analysis of the development in question. This book will be of interest to postgraduates and researchers of economics and political science.

Macroeconomic Policy Regimes in Western Industrial Countries

Macroeconomic Policy Regimes in Western Industrial Countries PDF Author: Hansjörg Herr
Publisher: Routledge
ISBN: 1136821678
Category : Business & Economics
Languages : en
Pages : 282

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Book Description
Macroeconomic Policy Regimes in Western Industrial Countries explains how certain countries have created a more liberal and market-based type of capitalism. The emphasis throughout is on how understanding macroeconomic policies, and the institutional f.

The European Central Bank

The European Central Bank PDF Author: Michael Heine
Publisher:
ISBN: 9781788212953
Category :
Languages : en
Pages : 192

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Book Description
This short book sets out the history, development, and day-to-day workings of the European Central Bank. It assesses its work, independence, the policies and instruments at its disposal, and the evolution of its role during the eurozone crisis of 2010.

Post-Keynesian Economics for the Future

Post-Keynesian Economics for the Future PDF Author: Jesper Jespersen
Publisher: Edward Elgar Publishing
ISBN: 1035307510
Category : Business & Economics
Languages : en
Pages : 259

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Book Description
This timely book provides 15 chapters of cutting edge academic work related to Post-Keynesian economics for the future: This includes stock-flow consistent modelling and analyses of the key challenges associated with the economic policies of sustainability.

A Modern Guide to Keynesian Macroeconomics and Economic Policies

A Modern Guide to Keynesian Macroeconomics and Economic Policies PDF Author: Eckhard Hein
Publisher: Edward Elgar Publishing
ISBN: 0857931822
Category : Business & Economics
Languages : en
Pages : 393

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Book Description
This well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics.

Economic Policies since the Global Financial Crisis

Economic Policies since the Global Financial Crisis PDF Author: Philip Arestis
Publisher: Springer
ISBN: 3319604597
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
This book investigates the changing nature of economic policies following the Global Financial Crisis of 2007–9. Well-respected, international scholars come together to discuss the level of economic growth following the crisis, concerns over inequality in industrialised countries, and labour market policies.

Financialisation and the Financial and Economic Crises

Financialisation and the Financial and Economic Crises PDF Author: Eckhard Hein
Publisher: Edward Elgar Publishing
ISBN: 1785362380
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
The contributions to this book provide detailed accounts of the long-term effects of financialisation and cover the main developments leading up to and during the crisis in 11 selected countries: the US, the UK, Spain, Greece, Portugal, Germany, Sweden, Italy, France, Estonia, and Turkey. The introductory chapter presents the theoretical framework and synthesizes the main findings of the country studies. Furthermore, the macroeconomic effects of financialisation on the EU as a whole are analysed in the final chapter.

Combating Inequality

Combating Inequality PDF Author: Alexander Gallas
Publisher: Routledge
ISBN: 1317423860
Category : Business & Economics
Languages : en
Pages : 322

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Book Description
Economic inequality has recently gained considerable academic attention. However, two important aspects of inequality have not been discussed systematically: its multidimensional nature and the question of what can be done to reverse it. This book offers insights from scholars representing the Global Labour University, which operates in Brazil, Germany, India, South Africa and the US. They analyse the various drivers of inequality, assess policy responses, and discuss counterstrategies. The main findings of this book are that rising levels of inequality cannot be addressed only with the standard policies responses, namely education, redistribution and ‘green growth’. In addition, the way markets currently function needs to be corrected. The chapters in this volume focus on specific fields of contemporary capitalism where important drivers of inequality are located, for example, the labour market; the financial system; the tax system; multi-national corporations; and gender relations. Other chapters discuss in detail where political opportunities for change lie. They critically assess existing countermeasures; the idea of a ‘green economy’ and its implications for inequality; and existing campaigns by trade unions and new social movements against inequality. In line with the global nature of the problem, this book contains case studies on countries both from the north and south with considerable economic and political weight. This book provides academics, political practitioners and civil society activists with a range of ideas on how to drive back inequality. It will be of interest to those who study political economy, development economy and labour economics.

The German Financial System and the Financial and Economic Crisis

The German Financial System and the Financial and Economic Crisis PDF Author: Daniel Detzer
Publisher: Springer
ISBN: 3319567993
Category : Business & Economics
Languages : en
Pages : 313

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Book Description
This book provides an up-to-date overview of the development of the German financial system, with a particular focus on financialization and the financial crisis, topics that have increasingly gained attention since the crisis and the discussion on the secular stagnation started. The authors of the book—economists who have conducted extensive research in this area—offer a perspective on the financial system in the context of its importance for the overall economic system. The book not only provides detailed insights into Germany’s financial system; it also takes a broader perspective on finance and connects it with current macroeconomic developments in Germany.

Macroeconomics after Kalecki and Keynes

Macroeconomics after Kalecki and Keynes PDF Author: Eckhard Hein
Publisher: Edward Elgar Publishing
ISBN: 1803927283
Category : Business & Economics
Languages : en
Pages : 383

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Book Description
Presenting an in-depth overview of the foundations and developments of post-Keynesian macroeconomics since Kalecki and Keynes, this timely book develops a comprehensive post-Keynesian macroeconomic model with the respective macroeconomic policy mix for achieving non-inflationary full employment. Linking the short-run model to long-run distribution and growth theories, the theoretical approach is also applied to current research on macroeconomic regimes in finance-dominated capitalism and on the macroeconomic challenges of the socio-ecological transformation.