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The Political economy of reform

Author: Federico Sturzenegger; Mariano Tommasi
Publisher: Cambridge, etc. : MIT Press, cop. 1998.
Edition/Format:   Print book : EnglishView all editions and formats

Frederico Sturzenegger and Mariano Tommasi propose in this book formal models to answer some of the questions raised by the recent reform experience of many Latin American and East European  Read more...


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Document Type: Book
All Authors / Contributors: Federico Sturzenegger; Mariano Tommasi
ISBN: 0262194007 9780262194006
OCLC Number: 807272446
Description: VI, 380 p
Contents: Part 1 Why? (the positive political economy of reforms) - inaction and delay: the political economy of delayed reform, Allan Drazen; resistance to reform - status quo bias in the presence of individual-specific uncertainty, Raquel Fernandez, Dani Rodrik; why are stabilization delayed? Alberto Alesina, Allan Drazen; fiscal conservatism as a response to the debt crisis, Raul Laban, Federico Sturzenegger; the benefit of crises for economic reforms, allan Drazen, Vittorio Grilli; dynamics - recurrent high inflation and stabilization - a dynamic game, Guillermo Mondino et al; the common property approach to the political economy of fiscal policy, Andres Velasco; fiscal discipline in a union, Joshua Aizenman; the rush to free trade in the developing world - why so late? why now? will it last? Dani Rodrik. Part 2 How? (strategies for reformers): the design of reform packages under uncertainty, Mathias Dewatripont, Gerard Roland; gradualism versus Big-Bang - speed and sustainability of reforms, Shang-Jin Wei; sequencing of economic reforms in the presence of political constraints, Cesar Martinelli, Mariano Tommasi. Part 3 Who? (the identity of reformers): promises, promises - credible policy reform via signalling, dani Rodrik; credibility of policymakers and of economic reforms, Alex Cukierman, Mariano Tommasi; the feasibility of low inflation - theory with an application to the Argentine case, Ricardo Lopez Murphy, Federico Sturzenegger.
Responsibility: edited by Federico Sturzenegger and Mariano Tommasi.


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"The Asian crises have once again highlighted the importance ofpolitics in economic policy formulation. This volume is thereforeespecially welcome, containing many of the promising models of Read more...

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