Includes bibliographical references (p. 279-300) and index.

Machine generated contents note: 1 INTRODUCTION -- 1.1 Overview -- 1.2 The Democratic Commitments to Government -- Involvement in the Macroeconomy -- 1.3 The Evolution of the Policy Commitments and of -- A/acroeconomic Performance -- 1.4 Explaining Policy and Outcome Variation across -- Democracies over Time -- 1.5 The Political-Economic Implications -- 1.6 Conclusion -- 2 THE DEMOCRATIC COMMITMENT TO SOCIAL -- INSURANCE -- 2.1 Introduction: Motivation, the Explanandum, and a -- Road Map -- 2.2 Economic Inequality and Demand for Transfers in -- Pure Democracy -- 2.3 Democratic Management of Transfer Systems by -- Elected Governments -- 2.4 The Data and Empirical Methods -- 2.5 Empirical Evaluation of the Positive Political -- Economy of Transfers -- 2.6 Discussion, Conclusions, and Implications -- 3 FINANCING THE COMMITMENTS: PUBLIC DEBT -- 3.1 Introduction: Motivation, the Explanandum, and a / -- Road Map -- 3.2 Democratic Management of Public Debt: Theories, -- Measures, Stylized Facts -- - -- 3.3 Empirical Evaluation of the Positive Political -- Economy of Public Debt -- 3.4 Discussion, Conclusions, and Implications -- 4 MONETARY MANAGEMENT OF THE -- MACROECONOMY -- 4.1 Introduction: Motivation, the Explanandum, and a -- Road Map -- 4.2 Monetary-Policy-Making and Wage-Price-Bargaining -- Institutions -- 4.3 A Proposed Synthesis and Extension: -- Institutional-Structural Interactions -- 4.4 Empirical Evaluation of the Positive Political -- Economy of Monetary Policy Making and -- Wage-Price Bargaining -- 4.5 Discussion, Conclusions, and Implications -- 5 COMPARATIVE DEMOCRATIC POLITICAL- -- ECONOMY AND MACROECONOAI C -- POLICY MAKING -- 5.1 Concluding Themes -- 5.2 A Prospective Overview -- References -- Index.