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We argue that the policy response to the COVID-19 pandemic by all levels of government around the world is not consistent with recommendations from standard welfare economics. Thus, it is important to ask why such policies have been adopted. That opens the door to examining the political economy...
Persistent link: https://www.econbiz.de/10013244700
The objective of this paper is to examine the nature of India's federal system, the reforms that have occurred over the … last ten years, and what remains to be done. We begin by briefly describing the key federal institutions in India, focusing … dealing with inequalities across constituent units of the federation. We then examine the evidence on how India's political …
Persistent link: https://www.econbiz.de/10014123862
Der Beitrag gibt einen Überblick über den Themenkomplex "wirtschaftspolitische Governance". Dieser Begriff dient in Volkswirtschaftslehre und benachbarten Sozialwissenschaften als Ober-/Sammelbegriff unter dem üblicherweise alle Aktivitäten subsumiert werden, die wirtschaftspolitische...
Persistent link: https://www.econbiz.de/10012107287
The paper discusses the impact of high capital mobility for monetary and budget policy as well as for the Provision of public goods, for taxation, for wage policy and trade unions, for distribution policy, and for social security Systems. The mobility of porrfolio capital puts additional...
Persistent link: https://www.econbiz.de/10010265340
Germany's system of economic and political governance strongly relies on group decision-making and consensus to solve economic issues. This approach relates to a wide spectrum of decisions, including the social partners with the trade unions and the employers' associations in wage formation, the...
Persistent link: https://www.econbiz.de/10010265433
The recent European economic crisis has dramatically exposed the failures of the various institutional mechanisms in place to maintain economic stability in Europe, and has unveiled the difficulty in achieving international coordination on fiscal and financial stability policies. Drawing on the...
Persistent link: https://www.econbiz.de/10013085690
“Reaganomics” is a popular term used to refer to the economic policies of Ronald W. Reagan, the 40th U.S. President (1981-1989), which called for widespread tax cuts, decreased social spending, increased military spending, and the deregulation of domestic markets. In this paper, we analyze...
Persistent link: https://www.econbiz.de/10013075324
During Apartheid, there was little need for redistributional policies or to borrow for public works since the vast majority of the population was undeserved. With the arrival of a representative democracy in 1994, however, South Africa faced a unique problem -- providing new and improved public...
Persistent link: https://www.econbiz.de/10013160516
During Apartheid, there was little need for redistributional policies or to borrow for public works since the vast majority of the population was underserved. With the arrival of a representative democracy in 1994, however, South Africa faced a unique problem - providing new and improved public...
Persistent link: https://www.econbiz.de/10013152234
Complexity economics has developed into a powerful empirical, theoretical, and computational research program in the last three decades, advancing more realistic economics. It converges with long-standing heterodox schools, and its theoretical and empirical findings are consistent with older...
Persistent link: https://www.econbiz.de/10012955524