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portada contested economic institutions: the politics of macroeconomics and wage bargaining in advanced democracies
Type
Physical Book
Year
1999
Language
Inglés
Pages
238
Format
Hardcover
Dimensions
23.1 x 15.7 x 2.3 cm
Weight
0.43 kg.
ISBN
0521642264
ISBN13
9780521642262

contested economic institutions: the politics of macroeconomics and wage bargaining in advanced democracies

Torben Iversen (Author) · Cambridge University Press · Hardcover

contested economic institutions: the politics of macroeconomics and wage bargaining in advanced democracies - Iversen, Torben

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Origin: Spain (Import costs included in the price)
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Synopsis "contested economic institutions: the politics of macroeconomics and wage bargaining in advanced democracies"

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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