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Home > Business and Economics > Economics > Macroeconomics > Structural Reform and Macroeconomic Policy: (International Economic Association)
Structural Reform and Macroeconomic Policy: (International Economic Association)

Structural Reform and Macroeconomic Policy: (International Economic Association)


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About the Book

The relation between structural reform and macroeconomic policy underlies the widespread perception that the large European economies have under-performed in the past decade in comparison both with their own standards and with the contemporaneous performance of the United States. Nobel Laureate Robert Solow introduces the book by observing that within European financial and governmental institutions and among European economists, themost commont response is a call for structural reforms, primarily deregulation of the labour market, to make it more like a spot market for a perishable commodity, with the implicit presumption that essentially nothing else is needed. This book takes a more inclusive view and provides analyses that might be useful in a more coordinated and simultaneous approach on all three fronts - labour and product markets and the demand side.

Table of Contents:
Introduction; R.M.Solow Structural Reforms and the Macroeconomy: The Role of General Equilibrium Effects; H.Gersbach Is Fiscal Policy Possible?; R.M.Solow Institutional Interactions in Open Economies: Implications for EMU; M.Knell Structural Reforms in Labour and Product Markets and Macroeconomic Performance in the European Union; K.Pichelmann & W.Roeger Structural Reforms Addressed to the Labour Market and Macroeconomic Policies; E.Malinvaud Some Thoughts on Macroeconomic Fluctuations and the Timing of Labour Market Reform; G.Saint-Paul Debt, Deflation and Declining Growth: New Challenges to the Japanese Economy; T.Ito

About the Author :
ROBERT M. SOLOW is an Institute Professor of Economics at the Massachusetts Institute of Technology, USA, where he has taught since 1950. He was awarded the Nobel Prize in Economics in 1987 and has written a number of books including Growth Theory: An Exposition.


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Product Details
  • ISBN-13: 9780230524446
  • Publisher: Palgrave MacMillan
  • Publisher Imprint: Palgrave Macmillan
  • Series Title: International Economic Association
  • ISBN-10: 0230524443
  • Publisher Date: 29 Jun 2004
  • Binding: Digital (delivered electronically)


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