Crisis, Stabilization, and Economic Reform: Therapy by Consensus
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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.
Format:Hardcover
Language:English
ISBN:0198286635
ISBN13:9780198286639
Release Date:September 1993
Publisher:Clarendon Press
Length:320 Pages
Weight:1.23 lbs.
Dimensions:0.9" x 5.5" x 8.5"
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