Suchergebnisse

No one in the industrial countries should now question the substantial economic benefits associated with reducing inflation from earlier, high levels. At the same time, history also teaches that the stability of consumer prices might not be sufficient to ensure macroeconomic stability. Past experience is replete with examples of major economic and financial crises that were not preceded by inflationary pressures. Conversely, history shows that many periods of deflation, based on rising productivity, were simultaneously characterised by rapid growth. Recent structural changes in the global economy imply that this history might have more contemporaneous relevance than is commonly thought. If so, the implication is that policies directed to the pursuit of price stability might have to be applied more flexibly and with a longer-run focus than has recently been the case

"Can terrorism and state violence cause democratic breakdowns? Although the origins of violence have been studied, only rarely are its consequences. And even when the consequences of violence are studied, its effects are usually limited to consideration of preexisting conflict that originally spawned the violence. In Terrorism and Democratic Stability, Holmes claims that to understand the consequences of violence on democratic stability, terrorism and state responses to terrorism must be studied together. Her innovative approach identifies citizen support as a key factor in the state's ability to sustain democracy and achieve stability. Her focus is Uruguay, Peru, and Spain."--Provided by publisher.