Contested Economic Institutions

Name: Contested Economic Institutions
Brand: Cambridge University Press
SKU: 9780521642262
Price: 536.57 RON
Availability: InStock

The Politics of Macroeconomics and Wage Bargaining in Advanced Democracies

Autor: Torben Iversen

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Legare: Copertă tare

Editura: Cambridge University Press

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This book helps explain one of the most intriguing and politically salient puzzles in comparative po...

Informații despre carte

Autor

Torben Iversen

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

1999

Pagini

238

EAN

9780521642262

ISBN

0521642264

Enbook ID

02038833

Editura

Cambridge University Press

Greutate

455

Dimensiuni

159 x 236 x 21

Descriere completă

This book helps explain one of the most intriguing and politically salient puzzles in comparative political economy: why some countries have much higher unemployment rates than others. Contrary to new classical economics the focus is on explaining distribution and equilibrium unemployment, and contrary to neo-corporatist theory the role of monetary policy and rational expectation is integral to the analysis. The book makes two central arguments. The first is that monetary policies affect equilibrium employment whenever wages are set above the firm level. The second argument focuses on the distributive effects of different institutions, and models institutional design as a strategic game between partisan governments and cross-class alliances of unions and employers.

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Contested Economic Institutions

The Politics of Macroeconomics and Wage Bargaining in Advanced Democracies

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Descriere completă

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