Empirical evidence for credit effects in the transmission mechanism of the United Kingdom

Author(s):  
K. Alec Chrystal ◽  
Paul Mizen
1997 ◽  
Vol 15 (4) ◽  
pp. 481-495 ◽  
Author(s):  
R Molz ◽  
T Hafsi

The authors develop and apply a schema to evaluate outcomes of privatization. The schema is applied to evaluative research conducted on privatizations in France, the United Kingdom, Australia, and New Zealand. The findings indicate that comprehensive evaluations of privatization outcomes are wanting.


Author(s):  
Georg Wenzelburger

Chapter 6 shows how an initial turn toward a harsher policy stance on law and order can set in motion positive policy feedback and lead to policy overreaction. It discusses the mechanisms that may lead to such overreaction building on Pierson’s framework. From the empirical evidence gathered, it seems plausible that especially the valence character of security-related issues, which make them issues on which elections can be won, creates a dynamic leading to policy feedback. However, this depends on the extent of the initial policy change: whereas overreaction can be diagnosed in the United Kingdom and France, the cases of Germany and Sweden show that positive feedback is not necessarily the case.


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