Macroeconomic Policy Regimes in Western Industrial Countries

Business & Finance, Economics, Macroeconomics
Cover of the book Macroeconomic Policy Regimes in Western Industrial Countries by Hansjörg Herr, Milka Kazandziska, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Hansjörg Herr, Milka Kazandziska ISBN: 9781136821660
Publisher: Taylor and Francis Publication: February 15, 2011
Imprint: Routledge Language: English
Author: Hansjörg Herr, Milka Kazandziska
ISBN: 9781136821660
Publisher: Taylor and Francis
Publication: February 15, 2011
Imprint: Routledge
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Taylor and Francis

Cover of the book Political Anthropology by Hansjörg Herr, Milka Kazandziska
Cover of the book e-Business Fundamentals by Hansjörg Herr, Milka Kazandziska
Cover of the book Interpreting Historical Keyboard Music by Hansjörg Herr, Milka Kazandziska
Cover of the book Kant's Metaphysic of Experience by Hansjörg Herr, Milka Kazandziska
Cover of the book ReThinking the City by Hansjörg Herr, Milka Kazandziska
Cover of the book The Israeli Economy (Routledge Revivals) by Hansjörg Herr, Milka Kazandziska
Cover of the book Basics of Video Lighting by Hansjörg Herr, Milka Kazandziska
Cover of the book Sustainable Champions by Hansjörg Herr, Milka Kazandziska
Cover of the book French Banking and Entrepreneurialism in China and Hong Kong by Hansjörg Herr, Milka Kazandziska
Cover of the book Jacques Derrida by Hansjörg Herr, Milka Kazandziska
Cover of the book Alternative Approaches to Education by Hansjörg Herr, Milka Kazandziska
Cover of the book Debating War by Hansjörg Herr, Milka Kazandziska
Cover of the book Russia's Youth and its Culture by Hansjörg Herr, Milka Kazandziska
Cover of the book Social Stress by Hansjörg Herr, Milka Kazandziska
Cover of the book Color Atlas of the Autopsy by Hansjörg Herr, Milka Kazandziska
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy