This chapter provides a critical overview of the state of the art in the economics literature on structural reforms. The limits of the market oxford university press, 2017, the economics of monetary union oxford university press, 12th edition, 2018, and lectures on behavioral macroeconomics princeton university press, 2012. New and noteworthy books in economics january eaxes. Over the course of five decades, john williamson has published an extraordinary number of books, articles, and other pieces on topics ranging from international monetary economics to development policy and bridging scholarly literature and policy debates. Theory and policy and millions of other books are available. Should central banks be forwardlooking when deciding about monetary policies. The fiscal implications of the ecbs bondbuying programme. This section give an overview of books related to the topic of population, development and labour economics. Economic growth and structural reforms europe macroeconomics. Yuemei ji is an aconomist at licos, university of leuven, belgium.
Time to change budgetary priorities in the eurozone. Behavioural economics is also useful in macroeconomics vox eu. Demonstrates an interdisciplinary method stressing. The political economy of structural reforms in europe. Yuemei ji is a lecturer in economics at the university college london.
He was a member of the belgian parliament from 1991 to 2003. It introduces the idea of endogenously generated animals spirits that drive the business cycle and are in turn influenced by it, and applies this. The political economy of structural reforms in europe edited by nauro f. For a full list of books published, please visit the unumerit website. Rethinking fiscal policy choices in the euro area vox. Transitions in the eu labour market before and after the crisis. Comparative economic studies, volume 60, issue 2 springer.
Browse the amazon editors picks for the best books of 2019, featuring our. A state of the art and policy oriented volume of contributions from leading researchers. Yuemei ji did her undergraduate studies in economics at fudan university in shanghai and obtained her phd in economics from the university of leuven in march 2011. The objective of this book is to put forward a comprehensive, detailed, yet critical assessment of the state of the art in this burgeoning literature.
Now he has a new paper with yuemei ji following up on that insight, and offering yet more evidence of the incredible unwisdom of european economic policy. His book key economic areas in chinese history 1936 influenced the conceptualization of chinese history in the west by emphasizing geographic and economic factors as the basis of dynastic power ji was educated at tsinghua university in china, then in the united states. Economic growth and structural reforms in europe edited by nauro. Book behavioural macroeconomics putting people first. The covid19 response that comes from abroad francesco fasani covid economics.
Reforms in labour and product markets play a central role in government policies. He is honorary doctor of the university of sankt gallen switzerland, of the university of turku finland, the university. The issue of whether structural reforms lead to higher economic growth remains controversial. It proposes that, when the interest rate is lower than the growth rate of the economy, fiscal policy can be used as a tool for output stabilisation while keeping public debt. Yuemei ji economics and finance research ideasrepec.
Citescore values are based on citation counts in a given year e. University of leuven no 21, special conference papers from bank of greece abstract. Yuemei ji modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. With the spectre of a recession looming in the eurozone and elsewhere, the policy question arises as to how much leeway do the fiscal authorities in the eurozone have to follow counter. While prior to the start of the eurozone, national governments were sovereign in that they could back up. Currently, she is a lecturer at university college london. Lampropoulou in structural reforms and economic growth in europe. Dr yuemei ji ucl school of slavonic and east european. It includes contributions from the editors, stanley fischer, edwin m.
It brings together leading contributions from academia, the central banks in europe, and the oecd to argue that structural reforms can make a fundamental contribution to improve economic performance across europe. She gives lectures on intermediate macroeconomics and international macroeconomics. This has created a very shallow theory of the business cycle in which nothing happens in the macroeconomy unless shocks occur from. Animal spirits and the inflation target central banks should raise their inflation targets from 2% to around 3% to 4% to avoid selfperpetuating periods of pessimism triggered by their inability. Really, really big susan athey, michael kremer, christopher snyder and alex tabarrok immigrant key workers in europe.
The limits of the market oxford university press, 2017 2017, the economics of monetary union, oxford university press, 11th edition 2016, and lectures on behavioral macroeconomics princeton university press, 2012. Yuemei ji is a lecturer in economics at university college london. His published books include the economics of monetary union oup, 2010, and with marianna grimaldi, the exchange rate in a behavioural finance framework princeton university press, 2006. Cambridge core economic development and growth economic growth and structural reforms in. Disappearing government bond spreads in the eurozone free. Her areas of expertise are european macroeconomics and international financial economics. Cambridge university press online publication date. Her areas of expertise are european macroeconomics and. Behavioural economics is useful also in macroeconomics. How the ecb can structure quantitative easing without fiscal transfers.
Central bankers should not be forwardlooking in times of. Biography yuemei ji did her undergraduate studies in economics at fudan university in shanghai and obtained her phd in economics from the university of leuven in march 2011. Grauwe, london school of economics and political science, yuemei ji, university college london. Books centre for population, development and labour. Our book list is home to the work of some of the most important economists in the history of the discipline, most notably john maynard keynes, as well as the work of almost 30 sveriges riksbank nobel prize laureates, including kenneth arrow, herbert simon, robert solow and joseph stiglitz. Develops a new paradigm for macroeconomic analysis. Economic growth and structural reforms in europe ebook.
Yuemei ji university of leuven yuemei ji obtained her phd in. The nature of fiscal policies was changed dramatically by the creation of the eurozone. The political economy of structural reforms in europe nauro f. The political economy of structural reforms in europe takes stock of current frontier work.
Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. Behavioural economics is also useful in macroeconomics. Economic growth and structural reforms in europe edited by. She is an associate research fellow at the centre for european policy studies in brussels. The peterson institute held a conference to present the festschrift, global economics in extraordinary times. Forecasts made today about future output and inflation risk are completely off the mark tomorrow. Lse research online documents on economics from london school of economics and political science, lse library. Volume 60, issue 2, june 2018 2017 dubrovnik economic conferences symposium. This book provides an overview and insight into williamsons work. Researchers in this field tend to agree on the positive role that reforms could play in driving growth as a result of efficiency gains and technological progress. Yuemei ji is associate professor of economics at the university college london.
Behavioural economics is also useful in macroeconomi. Stanley fischer, governor of the bank of israel, delivered the keynote address on the washington consensus, a term coined by williamson. Yuemei ji did her undergraduate studies in economics at fudan university in shanghai and obtained her phd in economics from the university of leuven in. Eu fires back in austerity debate real time economics wsj. This has created a very shallow theory of the business cycle in which nothing happens in the macroeconomy unless shocks occur from outside.
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