The Dynamics of Consensual Political Coalitions: Coordinating Flexicurity Policy Regimes

2020 ◽  
Vol 29 (1) ◽  
pp. 261-288
Author(s):  
Hak-Tae Sun
Keyword(s):  
Policy Regimes ◽  
Political Coalitions

Monetary policy regimes in Russia: Guidelines for furtherquantitative studies

2017 ◽  
pp. 38-60 ◽  
Author(s):  
A. Pestova
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rates ◽  
Quantitative Research ◽  
Policy Regimes ◽  
Policy Effects ◽  
Exchange Rate Targeting ◽  
Basic Parameters

This paper analyzes the basic parameters of monetary policy in 2000-2015 in Russia. We provide the overview of tools and objectives of monetary policy of the Bank of Russia and identify the periods of homogeneity of monetary policy regimes: from money base targeting to exchange rate targeting and finally, to interest rates policy. On the basis of this research we develop the recommendations for further quantitative research aimed at estimation of monetary policy effects in Russia.

Twilights and rebirths of National Development Banks in Latin America: Understanding factors that could have affected different trajectories in Argentina and Brazil

2016 ◽  
pp. 101-139
Author(s):  
María Luz Martínez Sola
Keyword(s):  
Political Economy ◽  
Industrial Policy ◽  
National Development ◽  
Second World War ◽  
Three Dimensions ◽  
Historical Period ◽  
World War ◽  
Political Coalitions ◽  
Development Banks ◽  
Second World

National Development Banks (NDB) could be pictured as engines pushing backward economies through the developmental ladder's rungs. After being key protagonists of industrial policy after Second World War, most NDBs were dismantled during the 1980s and 90 s. Notable exceptions to this trend exist, however. The goal of this study is thus to understand the political economy issues; Institutional Capacity International Bargaining Power and Domestic Political Coalitions; that explain those trajectories, by taking the cases of Argentina (BANADE) and Brazil (BNDES). When analyzing these three dimensions of political economy the paper concludes that the main difference between BANADE and BNDES' trajectories seems to stem from the diverse Domestic Political Coalitions crafted by Argentina and Brazil, in each historical period. Understanding the underlying conditions to create a cohesive and solid NDB is fundamental to reassess their roles in the XXI century industrial policy.

Alternative Monetary Policy Regimes With Multiple Currency Practices

2020 ◽  
Author(s):  
Hamed Ghiaie ◽  
Hossein Tavakolian ◽  
Hamid Tabarraei
Keyword(s):  
Monetary Policy ◽  
Policy Regimes

Monetary Policy in Sub-Saharan Africa

2018 ◽  
Keyword(s):  
Monetary Policy ◽  
Low Income ◽  
Sub Saharan Africa ◽  
Low Income Countries ◽  
African Countries ◽  
Policy Regimes ◽  
Export Prices ◽  
Policy Work ◽  
Sub Saharan ◽  
Policy Guidance

Having broadly stabilized inflation over the past two decades, many policymakers in sub-Saharan Africa are now asking more of their monetary policy frameworks. They are looking to avoid policy misalignments and respond appropriately to both domestic and external shocks, including swings in fiscal policy and spikes in food and export prices. In many cases they are finding current regimes—often characterized as ‘money targeting’—lacking, with opaque and sometimes inconsistent objectives, inadequate transmission of policy to the economy, and difficulties in responding to supply shocks. At the same time, little existing research on monetary policy is targeted to low-income countries. What do we know about the empirics of monetary transmission in low-income countries? (How) Does monetary policy work in countries characterized by a huge share of food in consumption, underdeveloped financial markets, and opaque policy regimes? (How) Can we use methods largely derived in advanced countries to answer these questions? And (how) can we use the results to guide policymakers? This book draws on years of research and practice at the IMF and in central banks from the region to shed empirical and theoretical light on these questions and to provide practical tools and policy guidance. A key feature of the book is the application of dynamic general equilibrium models, suitably adapted to reflect key features of low-income countries, for the analysis of monetary policy in sub-Saharan African countries.

Introduction to Part I

2018 ◽  
Author(s):  
Andrew Berg ◽  
Rafael Portillo
Keyword(s):  
Monetary Policy ◽  
Structural Models ◽  
Stylized Facts ◽  
Policy Regimes ◽  
Detailed Case ◽  
Inaccurate Data ◽  
Cross Country

Developing an understanding of monetary policy in LICs must start with the evidence. This chapter briefly reviews the challenges facing the empirical researcher in SSA, including scarce and inaccurate data, short policy regimes that make powerful inference difficult, and the lack of structural models to help interpret the data. It provides an overview of Chapters 4–6, which take three very different approaches to looking at these data: a broad search for cross-country stylized facts (Chapter 4), a detailed case study of a major monetary policy event (Chapter 5), and an examination of whether vector auto-regressions (VARs)—the workhorse empirical tool in this area—are likely to yield useful results in the SSA context (Chapter 6).

When do Subnational Policy Challenges Succeed?

2017 ◽  
Author(s):  
Kent Eaton
Keyword(s):  
Data Collection ◽  
National Policy ◽  
Institutional Capacity ◽  
Policy Regime ◽  
Policy Regimes ◽  
The Third ◽  
Policy Challenge ◽  
Collection Methods ◽  
Structural Significance

This chapter elaborates the book’s theoretical framework by focusing on the three critical variables—structural, institutional, and coalitional—that help explain the outcome of the two types of subnational policy challenges conceptualized in Chapter 1. It argues that a subnational jurisdiction’s structural significance is critical for the ability to influence the national policy regime (the second type of policy challenge), while its institutional capacity is essential for the defense of ideologically deviant subnational policy regimes (the first type of policy challenge). The third variable, internal and external coalitional strength, matters for both types of challenges. After situating these hypotheses relative to a variety of political science literatures, the chapter then introduces the Bolivian, Ecuadorian, and Peruvian cases by focusing on the similarities that make these countries a productive site for small-N comparison. The chapter also scores each country on the dependent variable and describes the book’s data-collection methods.

After the Backlash: Populism and the Politics and Ethics of Migration

2020 ◽  
Vol 14 (2) ◽  
pp. 153-180
Author(s):  
Stephen Macedo
Keyword(s):  
Social Democracy ◽  
Moral Obligations ◽  
Democratic Deliberation ◽  
Political Coalitions ◽  
New Politics ◽  
The U.S

AbstractIn the U.S., and elsewhere, populism has been democracy’s way of shaking elites up. We can view populism in part as a revolt of the losers, or perceived losers, of globalization. Yet elites have often paid too little heed to the domestic distributive impact of high immigration and globalized trade. Immigration and globalization are also spurring forms of nativism and demagoguery that threaten both democratic deliberation and undermine progressive political coalitions. The challenge now is to find the most reasonable – or least unreasonable – responses to the new politics of resentment: ways that recognize that egalitarian liberalism and social democracy are national projects and preserve progressive political coalitions, while also acknowledging our interconnections, duties, and moral obligations to those beyond our borders.

Sign in / Sign up

Export Citation Format

Share Document