Title Monetary divergence : domestic policy autonomy in the post-Bretton Woods era / David H. Bearce

Published Ann Arbor : The University of Michigan Press, ©2007

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Description 1 online resource Series Michigan studies in international political economy Michigan studies in international political economy. Contents The monetary convergence hypothesis -- Evidence of monetary divergence -- From fiscal to monetary divergence -- Explaining divergence in the policy mix -- Illustrating partisan divergence in the policy mix -- Expanding the argument Summary Annotation <p style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 200%">"In a meticulously researched study, David Bearce demonstrates that, contrary to predictions, financial globalization has not resulted in a systematic convergence of national monetary policies. The book is a must-read for students of the political economy of international finance. Highlighting the critical role of partisan politics in determining policy outcomes, Bearce adds a new and important dimension to our understanding of the impacts of international capital mobility in the contemporary era." <p style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 200%">Benjamin Jerry Cohen, University of California, Santa Barbara <p style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 200%"> <p style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 200%">"Bearce offers a compelling analysis of partisan economic policy in an open economy. By analyzing both fiscal and monetary policies, Bearce extends our understanding of how the electoral imperative conditions policy behavior. His conclusions will have to be addressed in any <p style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 200%">future debate about the topic."<br />William Bernhard, University of Illinois at Urbana-Champaign <p style="LINE-HEIGHT: 200%">"Interest group divisions over exchange rates and macroeconomic policy have been at the center of international political economy research for about 20 years. Political scientists have studied these cleavages, focusing on the policy interests of various industry groups. On a separate but parallel track, another group of researchers explored the relationship between partisan politics and macroeconomic policy choices. In this exceptionally well researched book, Bearce integrates these two analytical traditions. Noting that industry groups are typically important organized constituents in left-wing and right-wing political parties, Bearce demonstrates how macroeconomic policy outcomes in advanced countries vary systematically with the alternation of political parties in government."<br />J. Lawrence Broz, University of California, San Diego <p style="LINE-HEIGHT: 200%">David H. Bearce is Assistant Professor of Political Science at the University of Pittsburgh Bibliography Includes bibliographical references (pages 139-151) and index Notes Print version record and CIP data provided by publisher Subject Monetary policy -- History -- 20th century International finance -- History -- 20th century Macroeconomics -- History -- 20th century POLITICAL SCIENCE -- Economic Conditions. BUSINESS & ECONOMICS -- Economics -- Macroeconomics. BUSINESS & ECONOMICS -- General. International finance Macroeconomics Monetary policy Bretton-Woods-System Geldpolitik Makroökonomie Nachfolge Zusammenbruch Genre/Form History Form Electronic book LC no. 2020706983 ISBN 9780472023097 0472023098

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