ECONOMIC POLICY AND PERFORMANCE IN INDUSTRIAL DEMOCRACIES by Takayuki Sakamoto ( 9781138805385 )

Item Details

Title:

ECONOMIC POLICY AND PERFORMANCE IN INDUSTRIAL DEMOCRACIES
PARTY GOVERNMENTS, CENTRAL BANKS AND THE FISCAL-MONETARY POLICY MIX

By:

Takayuki Sakamoto

Format:

Paperback

List price:	£37.99
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ISBN 10:

1138805386

ISBN 13:

9781138805385

Publisher:

TAYLOR & FRANCIS LTD

Pub. date:

28 June, 2014

Pages:

368

Synopsis:

This book is the first systematic study of how the interdependence of fiscal and monetary policies and the interaction of party governments and central banks affect the fiscal-policy mix in eighteen industrial democracies in North America, Western Europe, Japan and Oceania. Sakamoto argues that central banks' influence on economic policy is far more extensive than has been conventionally believed. He demonstrates that central banks systematically affect fiscal policy that is conducted by party governments, and that independent central banks restrain the latter's fiscal policy. Sakamoto also demonstrates that the economic policy of industrial democracies did really change from the 1960s-1970s to the 1980s-1990s and became conservative as a result of the globalization of the economy and governments' response to it. But he argues that despite the neo-liberal policy shift, globalization has not diminished the role of domestic politics in economic policy.

Illustrations:

83 black & white illustrations, 109 black & white tables, 83 black & white

Publication:

Imprint:

Routledge

Returns:

Returnable

Some other items by this author:

BUILDING POLICY LEGITIMACY IN JAPAN (PB)

BUILDING POLICY LEGITMACY IN JAPAN

ECONOMIC POLICY AND PERFORMANCE IN INDUSTRIAL DEMOCRACIES