"The authors of this book argue that post-war fiscal and monetary policies in the U.S. are prone to more frequent and more destabilizing domestic and international financial crises. So, in the aftermath of the one that erupted in 2008, they propose that now we are sleepwalking into another,...

This is a systematic study of how the interdependence of fiscal and monetary policies and the interaction of party governments and central banks affect the fiscal-policy mix in 18 industrial democracies in America, Europe and Asia

chapter 1 Introduction Industrial democracies, globalization, challenges, and policy -- chapter 2 Party governments–central banks interaction: The fiscal–monetary policy mix -- chapter 3 Change in the economic environment, political actors, and adjustment The new economic environment, policy...