{"product_id":"contested-economic-institutions-the-politics-of-macroeconomics-and-wage-bargaining-in-advanced-democracies-hardback-9780521642262","title":"Contested Economic Institutions; The Politics of Macroeconomics and Wage Bargaining in Advanced Democracies (Hardback) 9780521642262","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eContested Economic Institutions\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe Politics of Macroeconomics and Wage Bargaining in Advanced Democracies\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book helps explain one of the most politically salient puzzles in comparative political economy: why some countries have much higher unemployment rates than others.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eTorben Iversen (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521642262, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 28 August 1999\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e238 pages, 22 b\/w illus.  19 tables\u003cbr\u003e23.6 x 15.9 x 2.1 cm, 0.45 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"Explores how macroecenomic policies and economic institutions jointly determine economic performance and distribution.\"    Journal of Economic Literature\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction\u003cbr\u003e Part I. The Real Effects of Monetary Policies: 2. An institutional model of economic performance\u003cbr\u003e 3. Economic institutions and performance: quantitative evidence\u003cbr\u003e Part II. The Politics of Institutional Design: 4. A theory of contested institutions\u003cbr\u003e 5. From Keynesian centralization to Monetarist decentralization: five Northern European experiences\u003cbr\u003e 6. Conclusion: the fork in the road for social democracy.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Political economy [\u003ca title=\"See our other books on Political economy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20economy%20%5BKCP%5D%22\"\u003eKCP\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46129370628376,"sku":"9780521642262","price":77.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521642262i.jpg?v=1691666750","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/contested-economic-institutions-the-politics-of-macroeconomics-and-wage-bargaining-in-advanced-democracies-hardback-9780521642262","provider":"Freshly Printed Books","version":"1.0","type":"link"}