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Crisis, Stabilization, and Economic Reform

By Michael Bruno

Crisis, Stabilization, and Economic Reform

By Michael Bruno

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Description
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.
Product details
Edition:
1
Number of Pages:
324
Release Date:
1993-09-30
Publication Date:
1993-08-05
Publisher:
OUP Oxford
Languages:
Original: English
ISBN10:
0198286635
ISBN13:
9780198286639
GPSR Manufacturer Reference:
[email protected]
Weight:
590 g
Height:
145 cm
Width:
222 cm
Thickness:
23 cm
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