Overview

This volume focuses on the macroeconomic consequences of microeconomic rigidity in the markets for goods or services, and the reforms necessary to create economic dynamism. It looks at how market structure, competition policy, over-regulation and collusive behaviour can influence macroeconomic performance. The Netherlands, Germany, New Zealand and Australia are used as examples to show how economic policies designed to provide greater flexibility can be analyzed. As well as practical policy matters, the authors deal with theoretical issues of how to determine price rigidities and their macroeconomic implications.

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9781858983479

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Reviews

'This is a useful book. It provides a good combination of theory, empirical and policy analysis. The book targets a broad audience and is of interest to both academics and policy analysts... is a useful addition to the literature.' -- Dirk Pilat, De Economist 'The book correctly insists that political and economic processes are inextricably interwoven, and views with excitement the new opportunities afforded by the economic modeling of political economy. Privatization, Deregulation and the Macroeconomy is an interesting and earnestly written book.' -- Kenneth Mischel, Business & the Contemporary World 'Van Bergeijk and Haffner perform a useful service in reviewing and employing much of the current industrial organization literature peripherally related to their subject and dealing with a more limited body of macroeconomic writings.' -- J. Prager, Choice 'They introduce a largely recently published literature in an interesting and highly accessible way, and direct readers with an interest in following up the studies cited. They show the scope for further economic research of real interest and practical value, which could appeal to economists with a wide range of interests. Those with an, as yet, uninformed interest in the scope and impact of structural adjustment for the macroeconomy will find this book well worth reading.' -- Robin G. Milne, Journal of Comparative Economics 'The authors have, in the course of their work, read much of the literature, both academic and policy oriented, on the macroeconomic consequences of microeconomic rigidity and the costs and benefits of structural reform. This book reports the results of their efforts, and aims to provide a unifying framework .' -- Robert Alexander, Economic Record '... it is clearly written and tightly argued. By bringing together the relevant theory as well as a large amount of disparate empirical evidence, the authors have produced a book which will be useful to academics and practitioners alike.' -- R. Rothschild, The Economic Journal

`This is a useful book. It provides a good combination of theory, empirical and policy analysis. The book targets a broad audience and is of interest to both academics and policy analysts. . . . is a useful addition to the literature.' -- Dirk Pilat, De Economist `The book correctly insists that political and economic processes are inextricably interwoven, and views with excitement the new opportunities afforded by the economic modeling of political economy. Privatization, Deregulation and the Macroeconomy is an interesting and earnestly written book.' -- Kenneth Mischel, Business & the Contemporary World `Van Bergeijk and Haffner perform a useful service in reviewing and employing much of the current industrial organization literature peripherally related to their subject and dealing with a more limited body of macroeconomic writings.' -- J. Prager, Choice `They introduce a largely recently published literature in an interesting and highly accessible way, and direct readers with an interest in following up the studies cited. They show the scope for further economic research of real interest and practical value, which could appeal to economists with a wide range of interests. Those with an, as yet, uninformed interest in the scope and impact of structural adjustment for the macroeconomy will find this book well worth reading.' -- Robin G. Milne, Journal of Comparative Economics `The authors have, in the course of their work, read much of the literature, both academic and policy oriented, on the macroeconomic consequences of microeconomic rigidity and the costs and benefits of structural reform. This book reports the results of their efforts, and aims to provide a unifying framework .' -- Robert Alexander, Economic Record `. . . it is clearly written and tightly argued. By bringing together the relevant theory as well as a large amount of disparate empirical evidence, the authors have produced a book which will be useful to academics and practitioners alike.' -- R. Rothschild, The Economic Journal

Author Information

Peter A.G. van Bergeijk, Professor of International Economics and Macroeconomics, international Institute of Social Studies, Erasmus University, The Hague, The Netherlands and Robert C.G. Haffner, NMa (The Dutch Competition Authority), The Hague, The Netherlands

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