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Conclusion

Donald Markwell

in John Maynard Keynes and International Relations: Economic Paths to War and Peace

Published in print:
2006
Published Online:
January 2007
ISBN:
9780198292364
eISBN:
9780191715525
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198292364.003.0007
Subject:
Political Science, International Relations and Politics

This concluding chapter begins by discussing the evolution of Keynes’s ideas that underpinned his approach to reconstruction after the first and second world wars. Keynes’s economics after the First ... More


Capitalism Unleashed: Finance, Globalization, and Welfare

Andrew Glyn

Published in print:
2007
Published Online:
September 2007
ISBN:
9780199226795
eISBN:
9780191710544
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199226795.001.0001
Subject:
Economics and Finance, Economic Systems

After a turbulent century of unprecedented social and technological change, capitalism has emerged as the dominant ideology and model for economic growth in the richest, most developed countries. But ... More


What Is Bad About Inflation?

John Hicks

in A Market Theory of Money

Published in print:
1989
Published Online:
November 2003
ISBN:
9780198287247
eISBN:
9780191596407
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287240.003.0016
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter argues that the bad thing about inflation is principally not its effects — the losses of ‘convenience and security’ to which older economists gave so much attention — but the weakening ... More


Economic Perspectives: Further Essays on Money and Growth

J. R. Hicks

Published in print:
1977
Published Online:
November 2003
ISBN:
9780198284079
eISBN:
9780191596421
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198284071.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

The chapters contained in this book on money and growth, including two previously unpublished chapters, brings together the work of Sir John Hicks, covering the following: the mainspring of economic ... More


The Failures of Forecasting

John Kay

in The Business of Economics

Published in print:
1996
Published Online:
November 2003
ISBN:
9780198292227
eISBN:
9780191596520
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198292228.003.0002
Subject:
Economics and Finance, Microeconomics

Using data on previous forecasts, this widely influential 1995 FT article criticizes the reliability and usefulness of economic forecasts. Contrary to the widespread belief that economists always ... More


Social Democracy in Neoliberal Times: The Left and Economic Policy since 1980

The Late Andrew Glyn (ed.)

Published in print:
2001
Published Online:
October 2011
ISBN:
9780199241378
eISBN:
9780191696923
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199241378.001.0001
Subject:
Economics and Finance, Public and Welfare

Never has the Left held power in so many advanced economies, yet never has the difference that this makes to economic policy been so hard to specify. Across a range of European countries and in ... More


Probability event forecasting with the UK model

Anthony Garratt, Kevin Lee, M. Hashem Pesaran, and Yongcheol Shin

in Global and National Macroeconometric Modelling: A Long-Run Structural Approach

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199296859
eISBN:
9780191603853
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199296855.003.0011
Subject:
Economics and Finance, Econometrics

This chapter is concerned with forecasting and prediction based on the UK model. It elaborates on the notion of probability forecasting, which provides a useful means of conveying the uncertainties ... More


Stability with Growth: Macroeconomics, Liberalization and Development

Joseph Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This book discusses the current debates on macroeconomics, capital market liberalization, and development, and develops a new framework within which one can assess alternative policies. The authors ... More


An economic theory of the short run

Anthony Garratt, Kevin Lee, M. Hashem Pesaran, and Yongcheol Shin

in Global and National Macroeconometric Modelling: A Long-Run Structural Approach

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199296859
eISBN:
9780191603853
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199296855.003.0005
Subject:
Economics and Finance, Econometrics

This chapter explores a set of identifying restrictions on the short-run dynamics that might be used to supplement the long-run restrictions if the model is to be used to investigate the effect of ... More


Regulating Markets for Retirement Payouts: Solvency, Supervision, and Credibility

Phyllis C. Borzi and Martha Priddy Patterson

in Recalibrating Retirement Spending and Saving

Published in print:
2008
Published Online:
January 2009
ISBN:
9780199549108
eISBN:
9780191720734
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199549108.003.0008
Subject:
Business and Management, Pensions and Pension Management

Soon the largest cohort of workers in history will be eligible to retire: and most will have only their personal saving and a lump-sum benefit from a 401(k) plan to supplement Social Security ... More


Objectives

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter begins with the idea that at the most general level, the goal of economic policy is to maximize long-term societal well-being in an equitable and sustainable manner. It addresses in ... More


Open Economy Complications

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter extends the analysis of the previous chapter to an open economy by introducing exchange rate policy; analyzing the complex relationships between exchange rate, fiscal, and monetary ... More


Exchange Rate Management and Micro Tools for Macro-Management

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0007
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter looks at exchange rate management and other policy options for an open economy. It begins with an introductory discussion of overall macroeconomic management for open economies, ... More


Stabilization, Liberalization, and Growth

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0014
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter concludes the book by reviewing some of the key links between stabilization, liberalization, and growth. The first section reviews why instability is bad for the growth of the economy. ... More


Mandates Without Obvious Majorities?

Michael D. McDonald and Ian Budge

in Elections, Parties, Democracy: Conferring the Median Mandate

Published in print:
2005
Published Online:
February 2006
ISBN:
9780199286720
eISBN:
9780191603327
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199286728.003.0006
Subject:
Political Science, Comparative Politics

The government mandate in its full form fails descriptively because few spontaneous majorities form in support of one party, and there is no guarantee that the plurality party is not actually opposed ... More


Crisis, Stabilization, and Economic Reform: Therapy by Consensus

Michael Bruno

Published in print:
1993
Published Online:
September 2006
ISBN:
9780198286639
eISBN:
9780191603839
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198286635.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

This book examines the phenomenon of the high inflation processes of the 1970s and 1980s as exemplified by Argentina, Brazil, and Israel. It explores the common characteristics of such processes and ... More


Restructuring the British Welfare State: Between Domestic Constraints and Global Imperatives

Martin Rhodes

in Welfare and Work in the Open Economy Volume II: Diverse Responses to Common Challenges in Twelve Countries

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199240920
eISBN:
9780191600180
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199240922.003.0002
Subject:
Political Science, Comparative Politics

In the UK, as in Australia and New Zealand, the ‘liberal’ post‐war welfare state was conceived as a minimal safety net under conditions in which full employment was to be ensured by (‘Keynesian’) ... More


Italy Rescue from Without?

Maurizio Ferrera and Elisabetta Gualmini

in Welfare and Work in the Open Economy Volume II: Diverse Responses to Common Challenges in Twelve Countries

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199240920
eISBN:
9780191600180
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199240922.003.0008
Subject:
Political Science, Comparative Politics

Italy's economic and employment problems were to a large extent home made, whereas external economic and political pressures did facilitate internal revitalization. While export‐oriented industries ... More


High Inflation, Growth Crisis, and Reform: Historical Perspective and Brief Overview

Michael Bruno

in Crisis, Stabilization, and Economic Reform: Therapy by Consensus

Published in print:
1993
Published Online:
September 2006
ISBN:
9780198286639
eISBN:
9780191603839
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198286635.003.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter begins with a comparison of the recent inflationary experiences of heavily indebted and middle-income countries. It then discusses the historical antecedents of high inflation rates, ... More


The Gathering Storm: Israel's Structural Crisis in the 1970s

Michael Bruno

in Crisis, Stabilization, and Economic Reform: Therapy by Consensus

Published in print:
1993
Published Online:
September 2006
ISBN:
9780198286639
eISBN:
9780191603839
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198286635.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines Israel’s structural crisis during the early 1970s. It covers the growth and development of business sector GDP, an international comparison of growth and inflation, the ... More


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