Recognising the regained importance of fiscal policy over the last two decades, this timely book provides much-needed insight into the changing practice of fiscal policy and how it is adapting to the unpredictable nature of the 21st century. Expert academic and practitioner contributors consider the resources which underpin current fiscal policy, assessing its overall effectiveness before outlining the changing priorities –ageing, inequality, climate change- and the financial tools available, and considering the future of fiscal policy in uncertain times.

This insightful book provides a systematic analysis of the development of affluent Western welfare states in this turbulent era. It explores the consequences for welfare states of modern crises such as climate change, the COVID-19 pandemic, and the war in Ukraine. Most importantly, it investigates how to prioritize scarce resources in the face of many competing demands and argues that there is an urgent need to improve crisis funding whilst at the same time maintaining provision for vulnerable groups. This title contains one or more Open Access chapters.

Two main themes of the book are that (1) politics can distort optimal fiscal policy through elections and through political fragmentation, and (2) rules and institutions can attenuate the negative effects of this dynamic. The book has three parts: part 1 (9 chapters) outlines the problems; part 2 (6 chapters) outlines how institutions and fiscal rules can offer solutions; and part 3 (4 chapters) discusses how multilevel governance frameworks can help.

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

How can we interpret and respond to the rise of populist regimes that infringe on human rights? This incisive book analyses illiberal, repressive, and patriarchal logics of rule, identifying critical catalysts in the meteoric growth of populist agendas. Contributors scrutinise the records of authoritarian and nationalist leaders in Brazil, Hungary, India, Mexico, the Philippines, Poland, Turkey and the United States.

This incisive book examines how the values of social justice can be protected against attacks from the interacting economic, social, environmental, and health crises of the 21st century. Global contributors outline key elements of a political programme that resists the shift to the right caused by this turbulence through centring fairness, equality, respect and inclusion.

Offering a practical and phenomenon-driven perspective, Strategy in a Turbulent Era expertly analyses questions relating to strategy in light of different forms of turbulence. From the global COVID-19 pandemic outbreak to the escalation in number and far reaching implications of new technologies, such as artificial intelligence and cryptocurrencies, this timely book explores how recent sources of turbulence are rapidly transforming the nature and dynamics of global competition.