000			01657naa a2200181uu 4500
001			0062915370037
003			OSt
005			20190211173151.0
008			100629s1999 xx ||||gr |0|| 0 eng d
100	1		_aWALSH, James I. _941388
245	1	0	_aPolitical bases of macroeconomic adjustment : _bevidence from the italian experience
260			_aLondon : _bRoutledge, _cMarch 1999
520	3		_aThis article tests political explanations of policy adjustment to macroeconomic imbalances against the Italian experience since the late 1970s. After describing Italian governments' attempts to implement macroeconomic policy adjustment, I evaluate four possible causes of policy changes: political instability, a 'tying hands' strategy of entangling the state in international commitments, analysis of the aggregate costs of pursuing macroeconomic policies that diverge from the policies of other important states, and the preferences of domestic groups. I evaluate the utility of each explanation according to its ability to answer two empirical questions: Why was adjustment delayed in Italy until about 1988? And why has the form of macroeconomic policy adjustment-monetary or fiscal-changed over time? The evidence indicates that answering these questions requires specifying how the costs of various macroeconomic policy mixes fall on domestic groups, and then determining which of these groups have the most political influence.
773	0	8	_tJournal of European Public Policy _g6, 1, p. 66-84 _dLondon : Routledge, March 1999 _xISSN 13501763 _w
942			_cS
998			_a20100629 _b1537^b _cDaiane
998			_a20100630 _b1609^b _cCarolina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c34718 _d34718
041			_aeng