Mobile Capital, Domestic Institutions, and Electorally-induced Monetary and Fiscal Policy PDF Download

Author: William Roberts Clark
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 50

View

Book Description

Author: William Bernhard
Publisher: MIT Press
ISBN: 9780262265287
Category : Business & Economics
Languages : en
Pages : 236

View

Book Description
Political economists consider the political and economic factors that affect a country's choice of monetary institutions. Recent analysis by political economists of monetary institution determinants in different countries has been limited by the fact that exchange rate regimes and central bank institutions are studied in isolation from each other, without examining how one institution affects the costs and benefits of the other. By contrast, the contributors to this volume analyze the choice of exchange rate regime and level of central bank independence together; the articles (originally published in a special issue of International Organization) constitute a second generation of research on the determinants of monetary institutions. The contributors consider both economic and political factors to explain a country's choice of monetary institutions, and examine the effect of political processes in democracies, including interest group pressure, on the balance between economic and distributional policy.

Author: Christina J. Schneider
Publisher: Cambridge University Press
ISBN: 1108472311
Category : Business & Economics
Languages : en
Pages : 363

View

Book Description
The EU's perceived lack of responsiveness to ordinary citizens has created a serious crisis of democratic legitimacy that threatens its very survival. In this timely book, Schneider presents a comprehensive account of how EU governments signal responsiveness to the interests of their citizens over European policies.

Author: Klaus H. Goetz
Publisher: Routledge
ISBN: 1136336729
Category : Political Science
Languages : en
Pages : 256

View

Book Description
This comparative examination of the impact of European integration on the politics and government of EU member states covers the parties, the legal system, voters and public administration.

Author: Thomas Oatley
Publisher: Edward Elgar Publishing
ISBN: 0857938371
Category : Business & Economics
Languages : en
Pages : 507

View

Book Description
This extensive Handbook provides an in-depth exploration of the political economy dynamics associated with the international monetary and financial systems. Leading experts offer a fresh take on research into the interaction between system structure, t

Author: William Roberts Clark
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 230

View

Book Description
An explanation of the domestic consequences of recent changes in the global economy.

Author: Layna Mosley
Publisher: Cambridge University Press
ISBN: 9780521521628
Category : Business & Economics
Languages : en
Pages : 406

View

Book Description
Global Capital and National Governments suggests that international financial integration does not mean the end of social democratic welfare policies. Capital market openness allows participants to react swiftly and severely to government policy; but in the developed world, capital market participants consider only a few government policies when making decisions. Governments that conform to capital market pressures in macroeconomic areas remain relatively unconstrained in supply-side and micro-economic policy areas. Therefore, despite financial globalization, cross-national policy divergence among advanced democracies remains likely. Still, in the developing world, the influence of financial markets on government policy autonomy is more pronounced. The risk of default renders market participants willing to consider a range of government policies in investment decisions. This inference, however, must be tempered with awareness that governments retain choice. As evidence for its conclusions, Global Capital and National Governments draws on interviews with fund managers, quantitative analyses, and archival investment banking materials.

Author: David Bearce
Publisher: University of Michigan Press
ISBN: 0472023098
Category : Business & Economics
Languages : en
Pages : 181

View

Book Description
"In a meticulously researched study, David Bearce demonstrates that, contrary to predictions, financial globalization has not resulted in a systematic convergence of national monetary policies. The book is a must-read for students of the political economy of international finance. Highlighting the critical role of partisan politics in determining policy outcomes, Bearce adds a new and important dimension to our understanding of the impacts of international capital mobility in the contemporary era." —Benjamin Jerry Cohen, University of California, Santa Barbara "Bearce offers a compelling analysis of partisan economic policy in an open economy. By analyzing both fiscal and monetary policies, Bearce extends our understanding of how the electoral imperative conditions policy behavior. His conclusions will have to be addressed in any future debate about the topic." —William Bernhard, University of Illinois at Urbana-Champaign "Interest group divisions over exchange rates and macroeconomic policy have been at the center of international political economy research for about 20 years. Political scientists have studied these cleavages, focusing on the policy interests of various industry groups. On a separate but parallel track, another group of researchers explored the relationship between partisan politics and macroeconomic policy choices. In this exceptionally well researched book, Bearce integrates these two analytical traditions. Noting that industry groups are typically important organized constituents in left-wing and right-wing political parties, Bearce demonstrates how macroeconomic policy outcomes in advanced countries vary systematically with the alternation of political parties in government." —J. Lawrence Broz, University of California, San Diego David H. Bearce is Assistant Professor of Political Science at the University of Pittsburgh.

Author: Mr. Antonio David
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 30

View

Book Description
We examine electoral cycles in tax reforms using monthly data over the period of 1990-2018 for 22 advanced economies and emerging markets. We show that governments tend to avoid announcing tax reforms during the months running up to elections. In addition, they become more likely to announce those reforms in the first few months following elections, indicating that “political capital” plays a role in the timing of reforms. These patterns are broad-based regarding the changes in tax base and rate, and for various types of taxes. We also find that the pre-election decrease in the likelihood of tax reform announcements is stronger in emerging markets, and weaker in the countries with relatively better institutional quality. Finally, our results indicate that neither fiscal rules nor IMF programs appear to have differential effects on electoral cycles in tax reforms.

Author: Walter Carlsnaes
Publisher: SAGE
ISBN: 9780761963059
Category : Political Science
Languages : en
Pages : 598

View

Book Description
NEW IN PAPERBACK FEBRUARY 2005! `The most systematic and wide-ranging survey of the multi-faceted field of International Relations yet produced. It is sure to become a standard reference work and teaching text, and is unlikely to be superseded at any time in the near future. It should be considered as essential reading′ - International Affairs The Handbook of International Relations, published 2002 in hardback, quickly established itself as the benchmark volume, providing a state-of-the-art review and indispensable guide to the study of international relations. It is now released in paperback, in order to be accessible to students in classroom use. Divided into three parts, the volume reviews both the historical, philosophical, analytical and normative roots to the discipline and the key contemporary topics of research and debate today. The first part introduces the major approaches within the field and unpacks many of the on-going debates within the discipline including those between rationalist and constructivist approaches. The second part moves on to explore the key concepts and contextual factors important to the subject from concepts like the state and power, to international and transnational actors, debates around globalization, and contending feminist perspectives. The final part reviews a number of the key substantive issues in international relations and is designed to complement the analytical tools and perspectives presented in Parts I and II. Examples of the many topics included are: foreign policy; war and peace; security; nationalism and ethnicity; finance; trade; development; the environment; and human rights.