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 modernWestern 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 modernWestern 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, RudigerDornbusch, and Paul Krugman are Professors of Economics at MIT. Richard Layard is Professor ofEconomics at the London School of Economics. Lawrence Summers is Professor of Economics at Harvard and Director of Research at the World Bank.

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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 theInternational Monetary Fund. He is the author of Macroeconomics, among other books, and coauthor of Lectures on Macroeconomics (MIT Press). David Romer isHerman Royer Professor of Political Economy at the University of California, Berkeley, and author ofAdvanced Macroeconomics. Michael Spence, co-recipient of the 2001 Nobel Prize inEconomics, 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 MultispeedWorld. Joseph Stiglitz, co-recipient of the 2001 Nobel Prize in Economics, is UniversityProfessor 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 VicePresident in Development Economics. He is the author of Freefall: Free Markets and theSinking of the World Economy, Globalization and Its Discontents, and other books.

Paul Krugman is Professor of Economics and International Affairs at Princeton University and aNew York Times columnist. He was awarded the Nobel Prize for Economics in2008.

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

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