ISBN-10:
0262194007
ISBN-13:
9780262194006
Pub. Date:
08/17/1998
Publisher:
MIT Press
The Political Economy of Reform / Edition 1

The Political Economy of Reform / Edition 1

by Federico Sturzenegger, Mariano Tommasi

Hardcover

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Product Details

ISBN-13: 9780262194006
Publisher: MIT Press
Publication date: 08/17/1998
Series: The MIT Press
Pages: 386
Product dimensions: 6.10(w) x 9.10(h) x 1.45(d)
Age Range: 18 Years

About the Author

Federico Sturzenegger is President of the Banco Ciudad de Buenos Aires. He is the coauthor, with Jeromin Zettelmeyer, of Debt Defaults and Lessons from a Decade of Crises (MIT Press, 2007).

Table of Contents

1 Introduction
Federico Sturzenegger and Mariano Tommasi
I Why? (The Positive Political Economy of Reforms)
Inaction and Delay
2 The Political Economy of Delayed Reform
Allan Drazen
3 Resistance to Reform: Status Quo Bias in the Presence of
IndividualSpecific Uncertainty
Raquel Fernandez and Dani Rodrik
4 Why Are Stabilizations Delayed?
Alberto Alesina and Allan Drazen
5 Fiscal Conservatism as a Response to the Debt Crisis
Raúl Labán and Federico Sturzenegger
6 The Benefit of Crises for Economic Reforms
Allan Drazen and Vittorio Grilli
Dynamics
7 Recurrent High Inflation and Stabilization: A Dynamic
Game
Guillermo Mondino, Federico Sturzenegger, and Mariano Tommasi
8 The Common Property Approach to the Political Economy of
Fiscal Policy
Andrés Velasco
9 Fiscal Discipline in a Union
Joshua Aizenman
10 The Rush to Free Trade in the Developing World: Why So
Late? Why Now? Will It Last?
Dani Rodrik
II How? (Strategies for Reformers)
11 The Design of Reform Packages under Uncertainty
Mathias Dewatripont and Gérard Roland
12 Gradualism versus BigBang: Speed and Sustainability of
Reforms
ShangJin Wei
13 Sequencing of Economic Reforms in the Presence of
Political Constraints
César Martinelli and Mariano Tommasi
III Who? (The Identity of Reformers)
14 Promises, Promises: Credible Policy Reform via
Signalling
Dani Rodrik
15 Credibility of Policymakers and of Economic Reforms
AleX Cukierman and Mariano Tommasi
16 The Feasibility of Low Inflation: Theory with an
Application to the Argentine Case
Ricardo López Murphy andFederico Sturzenegger
IndeX

What People are Saying About This

Herschel I. Grossman

This book brings together all of the important papers on policy reform that I assign in my political economy course, plus more. The editors' introduction provides a valuable guide to this complex subject. It is especially good at connecting the papers included in the book to the vast related literature in both economics and plitical science.

Endorsement

The Asian crises have once again highlighted the importance of politics in economic policy formulation. This volume is therefore especially welcome, containing many of the promising models of the political economy of reform (or non-reform).

Anne O. Krueger, Herald L. and Caroline L. Ritch Professor of Humanities and Sciences, Economics Department, Stanford University

From the Publisher

This book brings together all of the important papers on policy reform that I assign in my political economy course, plus more. The editors' introduction provides a valuable guide to this complex subject. It is especially good at connecting the papers included in the book to the vast related literature in both economics and plitical science.

Herschel I. Grossman , Merton P. Stoltz Professor in the Social Sciences and Professor of Economics, Department of Economics, Brown University

In the last decade, a group of talented young economists has turned its attention to the politics of reform. This collection gathers the classic articles of this new political economy, covering topics ranging from why reforms are delayed to reformers' strategies and tactics. Sturznegger's and Tomassi's book will stand as the definitive introduction to this topic for some time to come.

Stephan Haggard , University of California

The Asian crises have once again highlighted the importance of politics in economic policy formulation. This volume is therefore especially welcome, containing many of the promising models of the political economy of reform (or non-reform).

Anne O. Krueger , Herald L. and Caroline L. Ritch Professor of Humanities and Sciences, Economics Department, Stanford University

Anne O. Krueger

The Asian crises have once again highlighted the importance of politics in economic policy formulation. This volume is therefore especially welcome, containing many of the promising models of the political economy of reform (or non-reform).

Stephan Haggard

In the last decade, a group of talented young economists has turned its attention to the politics of reform. This collection gathers the classic articles of this new political economy, covering topics ranging from why reforms are delayed to reformers' strategies and tactics. Sturznegger's and Tomassi's book will stand as the definitive introduction to this topic for some time to come.

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