The role of macroeconomic policy in the different varieties of capitalism has been largely ignored. Recent contributions to the literature have argued that nonliberal economies should be expected to have less accommodating (i.e., less countercyclical) macroeconomic policies than liberal...

According to the contemporary political economy literature on France, the country appears caught in the worst of all possible worlds: it fails to create the conditions for economic growth and employment by deregulating labour markets as the UK has done, and it lacks the institutional...

Recent contributions to the Variety of capitalism literature have argued that nonliberal economies should be expected to have less accommodating macroeconomic policies than Liberal Market Economies (LMEs). Using Time Series Cross Section data on 16 OECD countries between 1980 and 2002, we test...