Crisis, Stabilization, and Economic Reform

Therapy by Consensus

Autor: Michael Bruno

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Editura: Oxford University Press

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This book authoritatively considers the phenomenon of the severe economic crises of the 1970s and 19...

Informații despre carte

Autor

Michael Bruno

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

1993

Pagini

320

EAN

9780198286639

ISBN

0198286635

Enbook ID

04524940

Editura

Oxford University Press

Greutate

563

Dimensiuni

144 x 224 x 24

Descriere completă

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 curesDSwith 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.

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Crisis, Stabilization, and Economic Reform

Therapy by Consensus

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