Crisis, Stabilization, and Economic Reform: Therapy by...

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Crisis, Stabilization, and Economic...

Crisis, Stabilization, and Economic Reform: Therapy by Consensus

Name: Crisis, Stabilization, and Economic Reform: Therapy by Consensus
ISBN: 9780198286639

Michael Bruno

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This book examines the phenomenon of the high inflation processes of the 1970s and 1980s as exemplified by Argentina, Brazil, and Israel. It explores the common characteristics of such processes and their possible cures--with some emphasis on the lessons of the Israeli experience in respect of the role of incomes policy and the political economy of stabilization. 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-theory applications to economic policy design (concepts such as dynamic inconsistency, government reputation, and credibility) and the rationalization of incomes policy.

Kategorien:

Reference

Jahr:

1993

Verlag:

Oxford University Press, USA

Sprache:

english

Seiten:

320

ISBN 10:

0198286635