Effects of Economic Policies on Microeconomic Stability
نویسندگان
چکیده
منابع مشابه
Microeconomic Policies and Structural Change
From about the mid 1980s, Australia has sought to improve the performance of its markets and industries by actively implementing a program of microeconomic reform. It was recognised that there was a plethora of distortions which had the effect of promoting inefficient performance, and the reform program was directed towards removing these distortions. These reforms held the promise of significa...
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My comments may be summarised by an inversion of Solow’s famous comment that the information technology productivity miracle can be seen everywhere but in the productivity statistics. By contrast, the Australian productivity miracle can be seen only in the productivity statistics. The lesson of everyday life is that people are running harder to stay in the same place. More formally, an increase...
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In an influential paper, Friedman (1953) showed that even countercyclical fiscal or monetary policies can be destabilizing if they are weakly correlated with the state of the economy. I show that this surprising conclusion is sensitive to the way in which uncertainty is measured. If the size of fluctuations are measured using mean absolute deviation instead of variance, every countercyclical po...
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15 صفحه اولEconomic Governance and Microeconomic Reform
Economic governance in Australia has undergone radical changes since the 1970s. Many of these changes are associated with the market-oriented policies collectively referred to as ‘microeconomic reform’. Broadly speaking, microeconomic reform can be defined as government policies or initiatives aimed at improving the performance and/or the efficiency of industries or sectors in the economy (Fors...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2650007