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Privatization, Deregulation and the Macroeconomy - Measurement, Modelling and Policy (Hardcover)
Loot Price: R3,060
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Privatization, Deregulation and the Macroeconomy - Measurement, Modelling and Policy (Hardcover)
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Privatization, Deregulation and the Macroeconomy focuses on the
macroeconomic consequences of microeconomic rigidity in the markets
for goods or services and the reforms necessary to create economic
dynamism. Peter van Bergeijk and Robert Haffner address questions
of how market structure, competition policy, over-regulation and
collusive behaviour may influence macroeconomic performance.
Drawing on many examples from the OECD countries (most notably,
Germany, New Zealand, Australia and the Netherlands), Eastern
Europe and the Third World, the authors show how economic policies
intended to provide greater flexibility can be analysed. The
authors examine the diagnosis or measurement of product market
inertia at the mesoeconomic level and its consequences at the
macroeconomic level such as employment, per capita income growth
and price stability. In Privatization, Deregulation and the
Macroeconomy, Peter van Bergeijk and Robert Haffner deal not only
with practical policy matters but also with the theoretical issues
of how to determine price rigidity (hysteresis on the product
markets) and their macroeconomic implications. This book will be
welcomed by economists interested in industrial organization,
macroeconomics, neo Keynesianism, development economics and
transitional economies and will also be of interest to
policymakers.
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