UK Economic Policy and the Global Financial Crisis: Paradigm Lost?
UK Economic Policy and the Global Financial Crisis: Paradigm Lost?
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英国经济政策与全球金融危机：范式丢失？
DOI：
10.1111/j.1468-5965.2009.02034.x
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发表时间：
2009
期刊：
影响因子：
--
通讯作者：
D. Mabbett
中科院分区：
文献类型：
--
作者：
D. Hodson;D. Mabbett
2007- 2008年的全球金融危机使英国的经济政策发生了突然的变化。在危机之前，政府宣扬价格稳定、财政审慎和宽松的金融监管。在危机之后，政府支持非常规货币政策，公共部门借贷激增，并需要重新考虑金融监管。本文试图用彼得·霍尔的政策范式理论来理解这些变化的意义。它的核心论点是，与表面相反，英国尚未经历对经济政策工具、机构和目标的根本性重新排序。随着危机的展开，不能排除三阶变化的可能性，但支撑英国经济政策的经济理念，无论是好是坏，迄今为止都表现出了非凡的弹性。
The global financial crisis of 2007–08 produced a sudden change in the economic policy of the United Kingdom (UK). Prior to the crisis, the government preached the gospel of price stability, fiscal prudence and light-touch financial regulation. In the wake of the crisis, the government countenanced unconventional monetary policies, a surge in public-sector borrowing and the need for a rethink of financial supervision. This article seeks to understand the significance of these changes using Peter Hall's theory of policy paradigms. Its central argument is that, contrary to appearances, the UK has not yet experienced a fundamental reordering of the instruments, institutions and aims of economic policy. Third-order change cannot be ruled out as the crisis unfolds but the economic ideas underpinning UK economic policy have, for better or worse, demonstrated remarkable resilience thus far.