Economic Populism and Institutional Reform

In response to the global crises in recent decades, many countries – both developed and developing economies – have resorted to populist forms of economic policy instead of undertaking meaningful institutional change.

This book explores two forms of economic populism in particular (wage populism and exchange rate populism) and demonstrates that these types of policies result in high inflation, unstable exchange rates, and chronic macroeconomic problems. The book opens with an elucidation of ...