Macroeconomic Problems of Transformation : Stabilization Policies and Economic Restructuring

By: Hansjorg Herr (Editor), etc. (Editor), Silke Tober (Editor), Andreas Westphal (Editor)

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Hardcover | 1 January 1994

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328 Pages

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In Macroeconomic Problems of Transformation a distinguished group of economists examines the cause of the dramatic output collapse in the transforming economies of Central and Eastern Europe and formulates policies to promote economic recovery.
Drawing on scholarship from East and West, this book features discussion of such important aspects of the transformation process as the role of monetary policy, fiscal crises, exchange rate policies and privatization. In particular, several authors stress the importance of dealing with the distortions still existing in financial sectors and argue that exported growth may be a potential driving force of accumulation in the economies currently in transition. The causes and consequences of the current fiscal crises are analysed, as are the processes of wage formation and privatization, in each case combining theoretical insight with empirical findings from the transforming economies. Several authors make comparisons with the reconstruction after the Second World War, discuss the effects of different exchange rate policies and consider the role of Western economies in promoting growth in Central and Eastern Europe.

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Non-Fiction Economics Political Economy Macroeconomics

Tables and Figures
Contributors
Preface
Output Collapse and Economic Recovery in Central and Eastern Europe	p. 1
Endogenous Budget Deficits During Transition: The Mechanism and Policy Response	p. 45
Macroeconomic Transformation in Eastern Europe: The Role of Monetary Policy Reconsidered	p. 77
Economic Transformation in the Visegrad Countries: A Comparison	p. 96
The Visegrad Economies in Transition: The Comparative Perspective of the Macroeconomic Stabilization Pentagon. A Comment on Csaba	p. 115
Exchange versus Production as the Basis for the Design of Monetary, Fiscal and Exchange Rate Policies for the Transformation Process	p. 124
A Comment on Kregel	p. 137
Stability and Credibility in the Transition Process of the Previously Centrally Planned Economies: A Comparison with the Post-War Italian Experience	p. 141
Wage Determination and Incomes Policy During Economic Transitions in Eastern Europe	p. 176
Privatization in Comparative Perspective: An Overview of Key Issues	p. 192
On the Limits of Dual Sector Models of Post-Socialist Economies: A Comment on Hare	p. 215
Determinants of Privatization Strategies: The Hungarian and German Experiences	p. 222
The Exchange Rate and Transition: The Case of the Former Czechoslovakia	p. 228
The Central and East European Countries and the EC	p. 256
The European Monetary System and Development Strategies for Countries in Central and Eastern Europe	p. 273
From Stabilization to Growth: Reconsidering Trade and Foreign Investment	p. 289
Name Index	p. 306
Table of Contents provided by Blackwell. All Rights Reserved.

Macroeconomic Problems of Transformation : Stabilization Policies and Economic Restructuring

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