Crisis, Stabilization, and Economic Reform: Therapy by Consensus (Clarendon Lectures in Economics)

• Author: Michael Bruno
• ISBN 10: 0198286635
• ISBN 13: 9780198286639
• Edition: First Edition
• Release: September 30, 1993
• Format: Hardcover (320 pages)
• List Price: $125.00
• More Details
  
  

  List Price: $125.00

  Tags: History, Americas, South America,

  Book Description:
  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.

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