Beginning in the mid-1980s New Zealand underwent a comprehensive
set of economic reforms, which were remarkable for their breadth
and sequencing. However, the short-term adjustment costs of the
policy changes in terms of the decrease in output and employment
levels were higher than anticipated. There was also a delay in the
macroeconomic improvement. This book, by basing on the background
theories of alternative strategies of policy sequencing, focuses on
counter factual policy scenarios to assess the impact of
alternative policy sequencing. The book begins with a description
of the economic structure of New Zealand in the pre- reform period,
including the economic performance and the reasons behind the
general deterioration in economic performance besides a summary of
the economic reforms and outcomes as well. The book covers a large
literature review on disputes and empirical studies of the
sequencing of reforms and on empirical approaches that are used to
estimate the real exchange rate. The book aims at shedding light on
alternative theories of policy sequencing and timing and reaching
particularly policy makers and advisors.
General
Imprint: |
Lap Lambert Academic Publishing
|
Country of origin: |
Germany |
Release date: |
February 2010 |
First published: |
February 2010 |
Authors: |
Selim Cagatay
|
Dimensions: |
229 x 152 x 15mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
256 |
ISBN-13: |
978-3-8383-4878-0 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
3-8383-4878-8 |
Barcode: |
9783838348780 |
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