Contested Economic Institutions

The Politics of Macroeconomics and Wage Bargaining in Advanced Democracies

By:

Torben Iversen

Format:

Paperback / softback

Series:

Cambridge Studies in Comparative Politics

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Description

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.

Release date NZ

August 28th, 1999

Author

Torben Iversen

Audiences

Professional & Vocational
Tertiary Education (US: College)

Illustrations

19 Tables, unspecified; 22 Line drawings, unspecified

Pages

242

Series

Cambridge Studies in Comparative Politics

Dimensions

150x226x18

ISBN-13

9780521645324

Product ID

2398195

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