Topic: Political Economy - CIAO Search Results

Author:: Jon Faust and John S. Irons
Publication Date:: 11-1996
Content Type:: Working Paper
Institution:: Board of Governors of the Federal Reserve System
Abstract:: While macroeconometricians continue to dispute the size, timing, and even the existence of effects of monetary policy, political economists often find large effects of political variables and often attribute the effects to manipulation of the Fed. Since the political econometricians often use smaller information sets and less elaborate approaches to identification than do macroeconometricians, their striking results could be the result of simultaneity and omitted variable biases. Alternatively, political whims may provide the instrument for exogenous policy changes that has been the Grail of the policy identification literature. In this paper, we lay out and apply a framework for distinguishing these possibilities. We find almost no support for the hypothesis that political effects on the macroeconomy operate through monetary policy and only weak evidence that political effects are significant at all.
Topic:: Economics, Government, Political Economy, and Politics

Author:: Richard L. Bernal
Publication Date:: 04-1996
Content Type:: Working Paper
Institution:: The North-South Center, University of Miami
Abstract:: Strategic global repositioning is a process of r epositioning a country in the global economy by implementing a strategic plan. Such plans are designed to consolidate and improve existing production lines while reorienting the economy toward new types of economic activities. In most developing countries, this involves structural transformation (not adjustment) to achieve economic diversification, including export diversification. The need for strategic global repositioning derives from trends in the global economy that portend limited opportunities for industrialization in developing countries.
Topic:: Development, Economics, International Trade and Finance, and Political Economy

Author:: John Hollister Hedley
Publication Date:: 01-1995
Content Type:: Working Paper
Institution:: Institute for the Study of Diplomacy, Edmund A. Walsh School of Foreign Service, Georgetown University
Abstract:: A changing world fraught with new uncertainties and complexities challenges America to understand the issues and dangers U.S. foreign and defense policy must confront. Economically and politically, however, it is a fact of life that the United States must engage the post-Cold War world with a smaller, more cost-efficient intelligence capability than the 13-organization, $28-billion-dollar intelligence apparatus of today. This might be achieved by a meat-cleaver approach—such as across-the-board cuts based on the erroneous assumption that every part of the apparatus is equally dispensable or indispensable. Preferably, it can—and will—be accomplished by prudently eliminating redundancy and by abandoning missions no longer deemed essential or affordable.
Topic:: Foreign Policy, Defense Policy, Cold War, Intelligence, and Political Economy
Political Geography:: United States and America

Author:: Robert A. Packenham
Publication Date:: 04-1994
Content Type:: Working Paper
Institution:: Kellogg Institute for International Studies
Abstract:: The recent trends toward economic liberalization in Latin America provide an unusual opportunity to analyze a number of important questions in the political economy of development and underdevelopment. Why has virtually every Latin American country suddenly reversed the direction of the economic policies that had been in place for a full half-century or more? Why is the pace of such change rapid in some countries and slow in others? What are the already discernible and likely future consequences of such changes for development? What are their implications for theories of development and underdevelopment? What conceptual, theoretical, and methodological tools are available and fruitful for analyzing these topics? This paper examines these questions with particular reference to the difference in the pace of change toward economic liberalization between Argentina under Menem and Brazil under Collor.
Topic:: Development, Economics, Political Economy, Economic Growth, and Liberalization
Political Geography:: Brazil, Argentina, and Latin America

Author:: Janusz M. Dabrowski
Publication Date:: 01-1990
Content Type:: Working Paper
Institution:: Minda de Gunzburg Center for European Studies, Harvard University
Abstract:: This report describes the behavior of Polish state firms after six months of fiscal stabilization. On the one hand, it is shown that state firms are attempting to adapt to fiscal constraints and the fall in domestic demand caused by the Mazowiecki government's stabilization plan. On the other hand, it tries to demonstrate that the continued confusion of both property rights and managerial authority impede the formulation and implementation of strategic adjustment plans at the firm level. The report also challenges a number of the governing stereotypes concerning managerial, union, and Employee Council behavior during the process of firm adjustment. In the final section, a proposal for the partial, indirect give-away of state assets is sketched. It is argued that the commercialization of state enterprises, and their partial assignment to publicly held investment associations presents the possibility of both clarifying managerial authority and more clearly introducing external market pressures into the strategic calculation of firms.
Topic:: Political Economy, Investment, Fiscal Policy, and Stabilization
Political Geography:: Europe, Eastern Europe, and Poland

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