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Lipp, E. Zur Bedeutung institutioneller Bedingungen für die Stabilitätspolitik — dargestellt am Beispiel Großbritannien. Journal of Contextual Economics – Schmollers Jahrbuch, 98(3), 347-373. https://doi.org/10.3790/schm.98.3.347
Lipp, Ernst-Moritz "Zur Bedeutung institutioneller Bedingungen für die Stabilitätspolitik — dargestellt am Beispiel Großbritannien" Journal of Contextual Economics – Schmollers Jahrbuch 98.3, 1978, 347-373. https://doi.org/10.3790/schm.98.3.347
Lipp, Ernst-Moritz (1978): Zur Bedeutung institutioneller Bedingungen für die Stabilitätspolitik — dargestellt am Beispiel Großbritannien, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 98, iss. 3, 347-373, [online] https://doi.org/10.3790/schm.98.3.347
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Zur Bedeutung institutioneller Bedingungen für die Stabilitätspolitik — dargestellt am Beispiel Großbritannien

Lipp, Ernst-Moritz

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 98 (1978), Iss. 3 : pp. 347–373

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/schm.98.3.347
Language
Multiple languages
Pages
27

Lipp, Ernst-Moritz

Cited By

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Abstract

Usually economic policy analysis tries to explain inflation - unemployment situations as a result of the behaviour of monetary and fiscal authorities or collective bargaining decision-makers which is adverse to economic stability. On the other hand few contributions try to answer the question why at all behaviour is like that. A case study for Great Britain reveals that institutional conditions as a framework for action of decision-makers play an important role. With the current organization of the collective bargaining procedures and the incentive structure involved the orientation towards productivity or the overall economic situation cannot be likely. Wage level developments causing unemployment provoke for reasons of political survival expansive fiscal action. Monetary authorities however are submitted to changing fiscal policy action by a subtle network of regulations giving the public sector borrowing requirement a direct impact on the money supply. Reorganisation of such. institutional structures requires a high degree of political consent which for different reasons can hardly be matched.

Table of Contents

Section Title Page Action Price
Ernst-Moritz Lipp: Zur Bedeutung institutioneller\rBedingungen für die Stabilitätspolitik — dargestellt\ram Beispiel Großbritannien 347
1. Einleitende Bemerkungen 347
2. Die stabilitätspolitische Diskussion: institutionelle Bedingungen vorwiegend ohne Würdigung 348
3. Beschreibung der Untersuchungsgegenstände und deren Einordnung in den stabilitätspolitischen Zusammenhang 355
4. Institutionelle Bedingungen der Einkommenspolitik 357
5. Institutionelle Bedingungen der Geld- und Finanzpolitik 362
6. Zusammenfassende Bemerkungen 370
Summary 371
Literatur 372

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