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Contested Economic Institutions : The Politics of Macroeconomics and Wage Bargaining in Advanced Democracies - Torben Iversen

Contested Economic Institutions

The Politics of Macroeconomics and Wage Bargaining in Advanced Democracies

Hardcover Published: 28th August 1999
ISBN: 9780521642262
Number Of Pages: 238

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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.

"...provocative, interesting, and well written." Review of Radical Political Economics "Explores how macroecenomic policies and economic institutions jointly determine economic performance and distribution." Journal of Economic Literature

List of Figures and Tablesp. xi
Acknowledgmentsp. xv
Introductionp. 1
The Real Effects of Monetary Policies
An Institutional Model of Economic Performancep. 17
Economic Institutions and Performance: Quantitative Evidencep. 47
The Politics of Institutional Design
A Theory of Contested Institutionsp. 93
From Keynesian Centralization to Monetarist Decentralization: Five Northern European Experiencesp. 119
Conclusion: The Fork in the Road for Social Democracyp. 166
Notesp. 177
Bibliographyp. 193
Indexp. 215
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780521642262
ISBN-10: 0521642264
Series: Cambridge Studies in Comparative Politics (Hardcover)
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 238
Published: 28th August 1999
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 23.11 x 15.75  x 2.29
Weight (kg): 0.43