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Economic Policy and Performance in Industrial Democracies by Takayuki Sakamoto
Economic Policy and Performance in Industrial Democracies by Takayuki Sakamoto
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Economic Policy and Performance in Industrial Democracies

Party Governments, Central Banks and the Fiscal-Monetary Policy Mix
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Description

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.

Author Biography:

Takayuki Sakamoto is assistant professor of political science at Southern Methodist University (USA).
Release date Australia
November 24th, 2009
Audience
  • Tertiary Education (US: College)
Illustrations
109 Tables, black and white; 83 Line drawings, black and white; 83 Illustrations, black and white
Pages
334
Dimensions
156x234x19
ISBN-13
9780415572279
Product ID
3863493

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