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The Economic Policies of European Governments, Part I: Monetary Policy

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  • Cowart, Andrew T.

Abstract

Rapidly changing economic conditions and the acceptance by governments of the responsibility for those conditions have together provided one of the most volatile and perplexing policy contexts for governments in the post-war era. The volatility of economic policy is inherent in its potential for change over the short run. It can take several years before changes are approved and implemented in order to deal with failures in social welfare programmes, transport services, or redistributive taxation provisions. In contrast, the instruments of economic policy may be altered on a daily, monthly, quarterly or yearly basis as conditions change.

Suggested Citation

  • Cowart, Andrew T., 1978. "The Economic Policies of European Governments, Part I: Monetary Policy," British Journal of Political Science, Cambridge University Press, vol. 8(3), pages 285-311, July.
    • Handle: RePEc:cup:bjposi:v:8:y:1978:i:03:p:285-311_00
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    Cited by:

    1. Gerald Epstein & Juliet B. Schor, 1988. "Macropolicy in the Rise and Fall of the Golden Age," WIDER Working Paper Series wp-1988-038, World Institute for Development Economic Research (UNU-WIDER).
    2. Ohlsson, Henry, 1992. "Job creation measures as activist fiscal policy -- an empirical analysis of policy reaction behavior," European Journal of Political Economy, Elsevier, vol. 8(2), pages 269-280, May.
    3. Ondrej Schneider, 2019. "Partisan Fiscal Policy: Evidence from Central and Eastern Europe," CESifo Working Paper Series 8014, CESifo.

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