Crisis Stabilization And Economic Reform
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Crisis Stabilization And Economic Reform
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Author : Michael Bruno
language : en
Publisher: Clarendon Press
Release Date : 1993-08-05
Crisis Stabilization And Economic Reform written by Michael Bruno and has been published by Clarendon Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-08-05 with Business & Economics categories.
This book authoritatively considers the phenomenon of the severe economic crises of the 1970s and 1980s, as exemplified by the combination of high inflation and negative growth in Israel and Latin America. The author analyses the common characteristics of such processes and their possible cures–with a detailed first-hand account of Israeli stabilization policy, and a comparative policy-oriented analysis of Latin American reforms. Professor Bruno also calls on his experience to give a preliminary evaluation of recent stabilizations and reform attempts in several East European economies. The discussion of the theoretical underpinnings of `shock' treatments provides a good example for the blending of a number of disciplines: lessons of economic history; open economy monetary and macro theory; game-theoretic applications to the theory of economic policy design (concepts such as dynamic inconsistency, government reputation, and credibility); and the rationalization of incomes policy. The Clarendon Lectures in Economics were established in 1987. They consist of coherent sets of three or four lectures given by distinguished economists which are accessible to advanced undergraduates and also of interest to academics. Subjects vary from high theory and applications of theory to policy-oriented topics. Lecturers include Professors J.-M. Grandmont, David Kreps, Kenneth Arrow, Angus Deaton, Robert Schiller, and Oliver Hart.
Crisis And Reform In Socialist Economies
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Author : Peter Gey
language : en
Publisher: Routledge
Release Date : 2019-04-09
Crisis And Reform In Socialist Economies written by Peter Gey and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-09 with Political Science categories.
In contrasting the economic developments in the Soviet Union, in Poland, Cuba, Yugoslavia, Hungary, and China, this book evaluates the pressures and constraints of systemic changes in different types of socialist economies. .
The Politics Of Economic Adjustment
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Author : Stephan Haggard
language : en
Publisher: Princeton University Press
Release Date : 2018-06-05
The Politics Of Economic Adjustment written by Stephan Haggard and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-05 with Political Science categories.
In the 1980s some developing countries adopted orthodox market-oriented policies in response to international economic crises, others experimented with alternative programs, and still others failed to develop coherent adjustment strategies of any sort. Building on the case studies in Economic Crisis and Policy Choice, these essays offer comparative analysis of these divergent experiences with macroeconomic stabilization and structural adjustment. Barbara Stallings and Miles Kahler explore the external pressures on governments. Peter Evans and John Waterbury examine the role of the state in the adjustment process, Evans through the lens of earlier historical experience with economic restructuring, Waterbury by focusing on the politics of privatization. Joan Nelson analyzes the politics of income distribution in the adjustment process, and Haggard and Kaufman investigate the political correlates of inflation and stabilization. A final essay assesses the prospects for combining market-oriented reforms with political democratization.
Israel S Crisis And Economic Reform
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Author : Michael Bruno
language : en
Publisher:
Release Date : 1989
Israel S Crisis And Economic Reform written by Michael Bruno and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Economic conditions categories.
This article analyses the roots of the deep crisis that has afflicted the Israeli economy since 1973 and the attempt at economic reform and recovery since 1985. All of these are discussed against the background of the long-term evolution in Israel's structure and growth process. At the center of the analysis lie the implications of an oversized government and especially the devastating effects on growth and inflation of the large and persistent public sector deficit on top of the growing tax and public expenditure levels. The norm of "living beyond one's means" at the public sector level has also severely affected the norms of behavior of the private, household as well as business, sectors. Since 1985 there have been signs of recovery originating from the balancing of the budget and the relative stabilization of the currency. Labor and capital markets are gradually becoming more flexible and real interest rates are coming down. Even so, inflation rates are not yet down to international levels, continued budget balance is not assured and excessive wage increases have substantially diminished profit rates and investments in the business sector. Structural problems, rooted in economic mismanagement of the crisis years, are surfacing. Resumption of a sustained growth process requires persistent budget balance and a substantial additional reduction in public expenditure and tax levels. Structural reforms, only barely started, have to be persistently followed in the labor and capital markets, in the fiscal system, and in the further opening up of commodity and financial markets to competition from both home and abroad
The Political Economy Of Policy Reform
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Author : John Williamson
language : en
Publisher: Peterson Institute
Release Date : 1994
The Political Economy Of Policy Reform written by John Williamson and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
Policymakers around the world have increasingly agreed that macroeconomic discipline, microeconomic liberalization, and outward orientation are prerequisites for economic success. But what are the political conditions that make economic transformation possible? At a conference held at the Institute for International Economics, leaders of economic reform recounted their efforts to bring about change and discussed the impact of the political climate on the success of their efforts. In this book, these leaders explore the political conditions conducive to the success of policy reforms. Did economic crisis strengthen the hands of the reformers? Was the rapidity with which reforms were instituted crucial? Did the reformers have a "honeymoon" period in which to transform the economy? The authors answer these and other questions, as well as providing first-hand accounts of the politically charged atmosphere surrounding reform efforts in their countries.
Economic Crisis And Policy Choice
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Author : Joan M. Nelson
language : en
Publisher: Princeton University Press
Release Date : 2021-04-13
Economic Crisis And Policy Choice written by Joan M. Nelson and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-13 with Political Science categories.
The acute economic pressures of the 1980s have forced virtually all of Latin America and Africa and some countries in Asia into painful austerity programs and difficult economic reforms. Scholars have intensively analyzed the economics of this situation, but they have given much less attention to the political forces involved. In this volume a number of eminent contributors analyze the politics of adjustment in thirteen countries and nineteen governments, drawing comparisons not only across the full set of cases but also within clusters selected to clarify specific issues. Why do some governments respond promptly to signs of economic trouble, while others muddle indecisively for years? Why do some confine their response to temporary macroeconomic measures, while others adopt broader, even sweeping, programs of reform? What leads some countries to experiment with heterodox approaches, while most, however reluctantly, pursue orthodox courses? Why, confronted with intense political protest, have some governments persisted while others have altered or abandoned course? The answers to these questions are political, not economic, and they are examined here by Thomas M. Callaghy, Stephan Haggard, Miles Kahler, Robert R. Kauman, Joan M. Nelson, and Barbara Stallings.
The Role Of Economic Advisers In Israel S Economic Policy
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Author : Daniel Schiffman
language : en
Publisher: Springer
Release Date : 2018-03-06
The Role Of Economic Advisers In Israel S Economic Policy written by Daniel Schiffman and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-06 with Political Science categories.
This book illustrates the role of international economic advisors in the development of Israel’s economic policies. Based on extensive archival and historical research, it presents case studies on the policy impacts of the world-renowned advisors Michal Kalecki, Abba Lerner, Richard Kahn, Milton Friedman, Herbert Stein and Stanley Fischer. The authors evaluate the contributions of these advisors to policy developments in various fields, including international trade and capital flows, exchange rates, fiscal and monetary policy, industrial policy and labor relations. Readers will discover a wealth of previously unpublished information on these advisors’ activities, perspectives on policy and interactions with policymakers and the public. Using the Israeli experience as a guide, the authors subsequently derive general hypotheses regarding the conditions that are conducive to the success of economic advisors.
Economic Reform And Democracy
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Author : Larry Jay Diamond
language : en
Publisher:
Release Date : 1995
Economic Reform And Democracy written by Larry Jay Diamond and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
The emergence of new democracies in Eastern Europe has raised anew the question of the relationship between economic reform and political liberalization. This work brings together a group of authorities to examine this question as it relates to Latin America, Europe, Asia, and Africa.
The Political Economy Of Reform Failure
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Author : Mats Lundahl
language : en
Publisher: Routledge
Release Date : 2007-04-11
The Political Economy Of Reform Failure written by Mats Lundahl and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-04-11 with Business & Economics categories.
Economists have moved in recent years beyond analyzing the manner in which the macroeconomies of different countries function and prescribing appropriate policies for dealing with domestic and external imbalances. Increasingly, they have sought to understand the complex interaction between political and economic phenomena. This book considers issues of economic reform in a broad range of settings: * developed countries * transition countries * developing countries Using country specific cases such as Uzbekistan, Burma and Haiti, it focuses on those territories which have encountered problems reforming, allowing the reader to gain an accurate understanding of the factors that inhibit the success of economic reform, the different context in which economic reform is attempted, and the different challenges that individual countries face. An international team of contributors including Bo Södersten, Deepak Lal and Ron Findlay have been brought together to analyze these topical issues, making this an informative and thought-provoking book, of interest to those involved in the field of development studies.
Economic Crisis And Structural Reforms In Southern Europe
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Author : Paolo Manasse
language : en
Publisher: Routledge
Release Date : 2017-12-12
Economic Crisis And Structural Reforms In Southern Europe written by Paolo Manasse and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-12 with Business & Economics categories.
In recent years the countries of southern Europe have undergone, with varying intensity, a serious and prolonged economic crisis. Most have had to implement comprehensive economic adjustment programmes, including a wide range of structural reforms. Economic Crisis and Structural Reforms in Southern Europe examines these reforms, drawing policy lessons from their successes and failures. This book employs two basic strands of analysis: issues of policy design, and political economy considerations. It considers the choice of timing and sequencing of reforms, the choice of the appropriate policy instruments, the pressure of interest groups and the political calculations involved in reforms. Featuring chapters in which contributors explore both national cases of specific structural reforms, and a comparative approach in order to evaluate similar reforms across countries, this important and topical work explores ongoing issues within the economy. Focusing on the challenges of designing and implementing structural reforms under conditions of crisis, this book will be of interest to policy makers and researchers from national and international organizations as well as academics and members of research institutes interested in the economics and politics of the Eurozone crisis.