Structural Reform and Economic Policy (International by R. Solow

By R. Solow

The relation among structural reform and macroeconomic coverage underlies the common conception that the massive ecu economies have under-performed long ago decade compared either with their very own criteria and with the contemporaneous functionality of the USA. This e-book, edited by means of Noel Laureate Robert M. Solow, presents analyses of ways those economies may take a coordinated and simultaneous method of reform in hard work and product markets and the call for aspect.

Show description

Read Online or Download Structural Reform and Economic Policy (International Economic Association) PDF

Best economic policy books

Economic Survey of Latin America and the Caribbean 2002-2003

This can be the fifty fifth variation within the sequence which gives an evaluate of the economies of the Latin the USA and the Caribbean zone in the course of 2002 and the 1st 1/2 2003. It contains: an outline of the nearby economic system as an entire, when it comes to macroeconomic regulations and reforms, inner financial functionality and the exterior fiscal quarter; and short analyses of the industrial functionality of 20 nations together with tables and knowledge for the most fiscal symptoms.

Between Export Promotion and Poverty Reduction: The Foreign Economic Policy of Untying Official Development Assistance

The tip of the chilly conflict has triggered many donors of professional improvement information (ODA) to essentially realign their international relief and alternate family members. regardless of fresh development in untying ODA and a couple of similar efforts to augment the final potency of overseas cooperation with the poorest international locations, it continues to be unexplained why a few OECD states have liberalised their bilateral programmes to a substantial quantity – while others have persisted to take advantage of overseas relief as a method to advertise household exports.

Science Policies and Twentieth-Century Dictatorships: Spain, Italy and Argentina

Creating a clean contribution to the political background of technological know-how, this publication explores the connections among the technology rules of 3 nations that every skilled substantial political upheaval within the 20th century: Spain, Italy and Argentina. by way of focussing on those 3 international locations, the participants may be able to current case stories that spotlight the features and specificities of the democratic and dictatorial political strategies interested by the construction of technology and know-how.

Supply Shock: Economic Growth at the Crossroads and the Steady State Solution

Politicians, economists, and Wall highway could have us think that unlimited monetary enlargement is the Holy Grail, and that there's no clash among turning out to be the economic climate and keeping the surroundings. provide surprise debunks those largely permitted myths and demonstrates that we're in truth navigating the top of the period of monetary progress, and that the single sustainable substitute is the improvement of a gentle nation economic system.

Additional info for Structural Reform and Economic Policy (International Economic Association)

Sample text

So the sophisticated textbook story goes only part of the way toward real business cycle theory. It allows for a short-term response to fiscal policy, in the conventional direction. But it shares the strong equilibrium orientation, with a slightly more reasonable account of the nature of equilibrium. I do not think one can dismiss this account as simply implausible; but I think there are grounds for being quite sceptical about this model as a guide to macroeconomic policy. I mention three reasons.

Romer (1991) New Keynesian Economics (Cambridge, MA: MIT Press), vols 1 and 2. MGI (2002) Productivity Performance in France and Germany – Understanding its Drivers, Including the Role of IT (Frankfurt and Paris: McKinsey Global Institute). Nickell, S. (1996) ‘Competition and Corporate Performance’, Journal of Political Economy, vol. 104, pp. 724–46. Nickell, S. (1999) ‘Product Markets and Labour Markets’, Labour Economics, vol. 6, pp. 1–20. Peretto, P. (2000) ‘Market Power, Growth and Unemployment’, Duke University, Working Paper, no.

In general an automatic stabilizer is thus an already established public-policy mechanism that tends to offset autonomous (and perhaps other) changes in aggregate demand in either direction. (One could discuss the merits of automatic stabilizers Robert M. ) The main points I want to make have their origin in the US experience. I apologize for being so provincial in this respect, but it is in a sense unavoidable. One of those points is that the extent of automatic stabilization in a national or regional economy emerges more or less inadvertently from decisions made in the allocation and distribution branches of the public-policy apparatus.

Download PDF sample

Rated 4.48 of 5 – based on 37 votes