Reform in Eastern Europe

Overview

How can the new governments of Eastern Europe succeed in moving from centrally planned to freemarket economies? This incisive report identifies and describes the major policy choices to be made and discusses what will work and what will not.Reform in Eastern Europe provides a comprehensive, easily read statement of reform policy that stands in the mainstream of modern Western economics. Based on their experience with stabilization policies in other countries, the authors show how Eastern Europe can reduce ...

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Overview

How can the new governments of Eastern Europe succeed in moving from centrally planned to freemarket economies? This incisive report identifies and describes the major policy choices to be made and discusses what will work and what will not.Reform in Eastern Europe provides a comprehensive, easily read statement of reform policy that stands in the mainstream of modern Western economics. Based on their experience with stabilization policies in other countries, the authors show how Eastern Europe can reduce unemployment during the painful adjustment process,
create effective and socially acceptable mechanisms to subject enterprises to market discipline, and replace barter trade under CMEA with market-based international trade.Olivier Blanchard, Rudiger Dornbusch, and Paul Krugman are Professors of
Economics at MIT. Richard Layard is Professor of Economics at the London School of
Economics. Lawrence Summers is Professor of Economics at Harvard and Director of
Research at the World Bank.

The MIT Press

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Product Details

  • ISBN-13: 9780262521819
  • Publisher: MIT Press
  • Publication date: 1/29/1993
  • Edition description: Reprint
  • Edition number: 1
  • Pages: 122
  • Product dimensions: 5.30 (w) x 7.80 (h) x 0.50 (d)

Meet the Author

Olivier Blanchard is Economic Counselor and Director of the Research Department at the International Monetary Fund. He is the author of
Macroeconomics, among other books, and coauthor of
Lectures on Macroeconomics (MIT Press). David Romer is Herman
Royer Professor of Political Economy at the University of California, Berkeley, and author of Advanced Macroeconomics. Michael Spence, co-recipient of the 2001 Nobel Prize in Economics, is Professor Emeritus of Management at
Stanford University's Graduate School of Business and Professor of Economics at New
York University's Stern School of Business. He served as Chairman of the Commission on Growth and Development from 2006 to 2010 (the life of the commission). He is the author of The Next Convergence: The Future of Economic Growth in a
Multispeed World
. Joseph Stiglitz, co-recipient of the 2001 Nobel Prize in
Economics, is University Professor at Columbia University. He served as Chairman of the U.S. Council of Economic Advisers in the Clinton administration, and from 1997
to 2000 as World Bank Chief Economist and Senior Vice President in Development
Economics. He is the author of Freefall: Free Markets and the Sinking of the World Economy, Globalization and Its Discontents, and other books.

Paul Krugman is Professor of Economics and International Affairs at Princeton
University and a New York Times columnist. He was awarded the
Nobel Prize for Economics in 2008.

Lawrence Summers is Professor of Economics at Harvard and Director of Research at the World Bank.

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