The magnitude, causes and consequences of the current economic crisis, and the responses of governments in different industrial countries are explored in this comparative analysis. The options available to government and the existing constraints of policy-making are examined in the context of crisis management and economic policy formation. The first part of the book focuses on the relationship between the policy process and institutional structures. The second part looks at the implementation and outcomes of policy strategies designed to cope with the crisis.

PART ONE: INTRODUCTION Explanations of the Economic Crisis and Divergent Policy Responses - Heikki Paloheimo

An Overview PART TWO: POLICY PROCESS, INSTITUTIONAL STRUCTURES AND STRATEGIES The Impact of Interest Politics on Flexible Adjustment Policies - Roland Czada Interest Intermediation, Institutional Structures and Public Policy - Franz Lehner Institutional Accommodation to Full Employment - Gosta Esping-Andersen

A Comparison of Policy Regimes The Compatibility of Economic, Social and Political Goals in Incomes Policies - Klaus Armingeon

A Comparative Analysis of Incomes Policy Developments in Ten West European Countries in the 1970s PART THREE: POLICY STRATEGIES, IMPLEMENTATION AND OUTCOMES Political Strategies To Overcome the Crisis - Hans Keman and Tibert van Dijk

Policy Formation and Economic Performance in Seventeen Capitalist Democracies The Economic Policy Strategies of the Nordic Countries - Jan Otto Andersson The Monetarist Experiments in the United States and United Kingdom - Paul F Whiteley

Policy Responses to Stagflation Coping with Crisis - Hans Keman and Paul F Whiteley

Divergent Strategies and Outcomes