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The Political Economy Of Inflation And Stabilization In Middle Income Countries
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Book Synopsis The Political Economy of Inflation and Stabilization in Middle-income Countries by : Stephan Haggard
Download or read book The Political Economy of Inflation and Stabilization in Middle-income Countries written by Stephan Haggard and published by World Bank Publications. This book was released on 1990 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic stability is most precarious, and stabilization most likely to be delayed, where the party system is fragmented or polarized.
Book Synopsis The Politics of Inflation and Economic Stagnation by : Leon Lindberg
Download or read book The Politics of Inflation and Economic Stagnation written by Leon Lindberg and published by Brookings Institution Press. This book was released on 1985-06-01 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inflation of the 1970s represented the greatest peacetime disruption of the Western economies since the Depression. Even as inflation receded, the recession in its wake brought more joblessness than at any time since the 1930s. The governments of industrialized nations found that the economic policies they had developed since World War II no longer assured price stability or high employment. What are the lessons of over a decade of economic difficulty? In this conference volume, which focuses on aspects of the crisis that economists often presuppose to be beyond control, the authors analyze the political and social underpinning of inflation and recession. Part 1 places the economic problems of the 1970s in the historical context of postwar development and then compares economic and political science analyses of inflation. Part 2 examines how rivalries between social groups affect inflationary processes. One chapter draws on the history of Latin American inflation to suggest the conflicts in play. Two others weigh the role of labor and industry in the formation of economic policy. And another shows how rivalry between countries, like rivalry between classes at home, permitted inflation to rise. The chapters in part 3 contest the claim that big government or big labor causes inflation. Two studies emphasize that a high degree of public expenditure does not itself lead to inflation. Further contributions explore the role of central banks and subject such concepts as the political business cycle to critical analysis. Part 4 comprises case studies about macroeconomic policymaking in four nations: Italy, Germany, Japan, and Sweden. The studies reveal what institutional attributes rendered those countries resistant to inflation or vulnerable to economic setback. In the last part, the editors pull together the findings and lay out the contemporary political feasibility of alternative approaches to macroeconomic management.
Book Synopsis The Political Economy of Democratic Transitions by : Stephan Haggard
Download or read book The Political Economy of Democratic Transitions written by Stephan Haggard and published by . This book was released on 1995 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1970s there has been a widespread movement from authoritarian to democratic rule among developing countries, often occuring against a backdrop of severe economic crises and the adoption of market-oriented reforms. This book analyzes this relationship, addressing a variety of questions.
Book Synopsis Fragile Coalitions by : Joan M. Nelson
Download or read book Fragile Coalitions written by Joan M. Nelson and published by Transaction Publishers. This book was released on 1989-01-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Economic reform by Third World governments is usually portrayed as the product of outside pressure, especially from the International Monetary Fund (IMF) and World Bank. This welcome collection provides an important counter-perspective by putting domestic politics at center stage. Miles Kahler demonstrates that international institutions only rarely play an important role."--Orbis' "Joan Nelson and her collaborators have performed a valuable service for those concerned about the politics of reform by bringing together a series of informed and insightful essays that address clearly and concisely the difficult political dilemmas of economic adjustment."--Merilee S. Grindle,Economic Development and Cultural Change
Book Synopsis The Political Economy of the Asian Financial Crisis by : Stephan Haggard
Download or read book The Political Economy of the Asian Financial Crisis written by Stephan Haggard and published by Peterson Institute. This book was released on 2000 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study not only examines the countries most severely affected by the Asian financial crisis, but also draws lessons from those whose economies escaped the worst problems. The author focuses on the political economy of the crisis, emphasizing long-standing problems and crisis management tactics.
Book Synopsis The Political Economy of Inflation by : Fred Hirsch
Download or read book The Political Economy of Inflation written by Fred Hirsch and published by Cambridge, Mass. : Harvard University Press. This book was released on 1978 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Politics of Inflation by : Richard Medley
Download or read book The Politics of Inflation written by Richard Medley and published by Elsevier. This book was released on 2013-09-03 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Politics of Inflation: A Comparative Analysis is a collection of papers that covers the inflation trend of various countries. The emphasis of this title is on the domestic and international causes of each country's level and duration of inflation. The text first covers the aspects of the interplay among economic and political systems and processes, and then proceeds to tackling the politics of inflation in historical perspective. Next, the selection talks about the transatlantic aspects of inflation, along with the inflation fighting in Britain, Italy, and Portugal. The book also details the politics of inflation in the U.S. and the inflation policy in Germany. Chapter 7 tackles the inflation and politics in U.K., while Chapter 8 covers the political causes and effects of Argentine inflammation. The last chapter deals with inflation and democratic transition in Spain. The book will be of great use to economists, political scientists, and individuals concerned with the global economy.
Author :Sylvester C. W. Eijffinger Publisher :International Finance Section Department of Econ Ton Univers ISBN 13 : Total Pages :100 pages Book Rating :4.F/5 ( download)
Book Synopsis The Political Economy of Central-bank Independence by : Sylvester C. W. Eijffinger
Download or read book The Political Economy of Central-bank Independence written by Sylvester C. W. Eijffinger and published by International Finance Section Department of Econ Ton Univers. This book was released on 1996 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis On the Political Economy of Inflation by : Jorge Miguel Streb
Download or read book On the Political Economy of Inflation written by Jorge Miguel Streb and published by . This book was released on 1993 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Political Economy of Macroeconomic Policy by : Hyunwoo Kim
Download or read book The Political Economy of Macroeconomic Policy written by Hyunwoo Kim and published by . This book was released on 2020 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: In three essays, my dissertation analyzes the political economy of macroeconomic policies and outcomes in democratic settings. Chapter 2 seeks to identify and document the micro-foundations of inflationary policy, with a focus on the role of economic inequality. Previous work on the politics of monetary policy has concentrated on the role of distributive motives stemming from individual characteristics such as income levels or factoral/sectoral interests in formation of monetary policy preferences of citizens. This work pays little attention to how a country's overall distributive context, namely its economic inequality level, affects their preferences vis-a-vis price stability and employment. My research argues that as inequality pushes more citizens below the average income of a society, they are more likely to demand redistribution through higher employment (and thus more competitive wages) and more fiscal spending, each of which can be better supported by expansionary monetary policy. In terms of inflation aversion, this means that inequality renders citizens more tolerant of inflation. Tests on 483,557 respondents from 33 countries (1976-2016) using the International Social Survey Program and the Eurobarometer demonstrates that inequality significantly moderates citizens' inflation aversion.Chapter 3 examines how central bank independence (CBI) as an institutionalized form of monetary technocracy, undermines elected governments' democratic accountability for economic outcomes. CBI implies that elected governments delegate monetary policy to technocrats in central banks. I argue that given the substantial influences of monetary policy through manipulation of interest rates on consumption, investments, exchange rates, capital flows and government spending, all of which critically determine the performance of the economy, CBI can blur the line of responsibility for economic performances between elected governments and central banks. It can thereby weaken voters' ability and willingness to electorally punish (or reward) governments on the basis of those outcomes. Utilizing data from the Comparative Study of Electoral Systems, I test how CBI conditions the effects of both voters' subjective evaluation of the economic outcomes and objective macroeconomic performances on voting for incumbents in 38 countries from 1996 to 2016. The result shows that CBI significantly attenuates the reward and punishment mechanism of elections based on economic records.Chapter 4, co-authored by Cristina Bodea and Christian Houle, investigates the impact of financial crises on income inequality. Important evidence has emerged that in the aftermath of crises, politics becomes polarized and economists have linked this to greater gaps in income due to crises. The evidence however on whether crises can be linked to divergent incomes is weak and plagued by 1) the possibility of a reverse effect going from great disparity in incomes to major economic crises; 2) the persistent nature of income inequality; and 3) important measurement error in both the dependent and independent variables. We use the longest time stretch of available data on crises and types of crises (Reinhart and Rogoff 2011) and income inequality (Solt 2009), as well as General Method of Moments and Error Correction Models to more credibly tackle the complex theoretical and empirical relationship between crises and inequality. We find strong evidence that currency, banking, inflation and debt crises increase inequality, particularly in the long run.
Book Synopsis The Political Economy of Nation Building by : Mack Ott
Download or read book The Political Economy of Nation Building written by Mack Ott and published by Routledge. This book was released on 2017-07-28 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: Donor nations may advise and counsel, but the creation of a liberal nation state falls to its own people. They must create laws, exercise their liberties, provide freedom of belief and expression, and protect individual property rights. No nation becomes or remains free unless its people build, use, and defend these institutions, and protect them with understanding, vigilance, and effort. The Political Economy of Nation Building reviews the effects of political structures on the evolution and stability of liberalism in developing nations and considers the outlook for their success.Discussing the origins and applications of the modern liberal state from an explicitly Anglo- and Euro-centric view, Mack Ott addresses the origins of the rule of law and innovations that led to the rise of a market economy, separation of faith and governance, and the autonomy of finance - key components of the liberal state. He then addresses the emergence of sustained economic growth, a bridge between the liberal infrastructure and its application during the construction of a nation.Ott examines budget policy and laws, and accurate and timely economic and financial statistical reporting that assure donors that the recipient government is operating within the constraints of law. He addresses the beneficial effects of privatization of state-owned industry, examines the costs and benefits of nurturing non-governmental associations, and concludes with a review of transparent fiscal and monetary policies and the importance of non-interference in financial markets by the state.
Book Synopsis The Oxford Handbook of Latin American Political Economy by : Javier Santiso
Download or read book The Oxford Handbook of Latin American Political Economy written by Javier Santiso and published by Oxford University Press. This book was released on 2012-05-07 with total page 1119 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America's recent development performance calls for a multidisciplinary analytical tool kit. This handbook accordingly adopts a political-economy perspective to understand Latin American economies. This perspective is not new to the region; indeed, this volume consciously follows the approach pioneered by political economist Albert O. Hirschman a half century ago. But the nature of the political and economic processes at work in Latin America has changed dramatically since Hirschman's critical contribution. Military dictatorships have given way to an uneven democratic consolidation; agricultural or primary-product producers have transformed into middle-income, diversified economies, some of which are leading examples of emerging markets. So, too, the tools of political-economy have developed by leaps and bounds. It is therefore worthwhile to take stock of, and considerably extend, the explosion of recent scholarship on the two-way interaction between political processes and economic performance. A unique feature of the book is that it begins with a group of chapters written by high-level academic experts on Latin American economics and policies who also happen to be current or past economic policy makers in the region, including Fernando Henrique Cardoso (former president of Brazil), Andrés Velasco (former Chilean finance minister), Luis Carranza (former Peruvian finance minister), Martín Redrado (former governor of the Argentina central bank) and Luciano Coutinho (president of Brazil's national development bank). These contributors draw upon their academic expertise to understand their experience in the trenches of policy making.
Book Synopsis The Politics of Inflation and Economic Stagnation by : Leon N. Lindberg
Download or read book The Politics of Inflation and Economic Stagnation written by Leon N. Lindberg and published by Washington, D.C. : Brookings Institution. This book was released on 1985 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this conference volume, which focuses on aspects of the crisis that economists often presuppose to be beyond control, the authors analyze the political and social underpinning of inflation and recession.
Book Synopsis Turkish Economy by : Ahmet Faruk Aysan
Download or read book Turkish Economy written by Ahmet Faruk Aysan and published by Springer. This book was released on 2018-03-30 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book scrutinizes the last 15 years of exceptional growth in the Turkish economy, and presents a model for sustainable ongoing growth that has particular implications for other key emerging economies. The growth of the Turkish economy in the 2000’s was based on two integrated fundamental factors: fixing deteriorating dynamics and implementing further reforms to stimulate economic activity. This basic formula led to pleasing rates of economic growth, fuelled particularly by domestic private investments along with revived consumption and exports. Driven by political stability established by single party governments in the post-2002 period, an improved economic outlook helped Turkey enjoy record levels of foreign investment, adding momentum to its growth story. The Turkish experience in the post-crisis period implies that in order to achieve a fast and - more importantly - sustainable onward growth, the economy needs a new generation of structural reforms that simultaneously heal fragility and vitalize economic activity. The papers in this book offer professional assessments and assistance - especially for policymakers, and present a new direction upon which the Turkish economy - and emerging markets - can progress successfully for a further 15 years.
Download or read book Islamic Economies written by Nafis Alam and published by Springer. This book was released on 2017-08-25 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores contemporary empirical issues in Islamic economics. It begins by outlining current trends in Islamic economics and before identifying gaps in the empirical research. It then goes on to discuss the role of institutions in economic growth for Islamic countries, and the fiscal aspects of Islamic economics. It explores issues in debt and growth, as well as the instruments of monetary management in Islamic economics. It analyses the trade-off between growth and stability and concludes with discussion of Zakat and Waqf in driving growth.
Book Synopsis The Political Economy of Iraq by : Frank R. Gunter
Download or read book The Political Economy of Iraq written by Frank R. Gunter and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This groundbreaking volume offers a comprehensive look at the current state of IraqÕs political economy in the aftermath of the US-led overthrow of Saddam Hussein in 2003. Frank R. Gunter describes the unique difficulties facing the modern Iraqi economy and provides detailed recommendations for fostering future economic growth and stability. The book begins with an overview of IraqÕs current political, economic, and social status, including discussions of real growth, unemployment, inflation, health, poverty, education, and gender issues. This is followed by a comprehensive look at what the author identifies as the three dominant characteristics of the political economy of Iraq: corruption, political instability, and petroleum. Using these foundational ideas as a springboard, the book then provides a detailed breakdown of the Iraqi economy by sector, as well as discussions of IraqÕs fiscal, monetary, and exchange rate policies. The final chapter identifies the major trends that will determine the course of future economic development in Iraq and provides insightful recommendations for encouraging positive economic growth. Offering the most comprehensive and timely discussion of IraqÕs economy to date, this critical volume will appeal to students and professors of international studies, political economy, and Middle East studies as well as anyone considering doing business in this rapidly changing economy.
Book Synopsis The Politics of Economic Adjustment by : Stephan Haggard
Download or read book The Politics of Economic Adjustment written by Stephan Haggard and published by Princeton University Press. This book was released on 1992 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of essays offering comparative analysis of the divergent experiences of developing countries responding to economic crises by adopting macroeconomic stabilization and structural adjustment policies.
