Cesifo uses cookies to make your browsing experience easier and more comfortable and to better customize the content of its websites and apps to your needs and preferences. The political economy of structural reforms in europe book. Yuemei ji did her undergraduate studies in economics at fudan university. Skip to main content accessibility help we use cookies to distinguish you from other users and to provide you with a better experience on our websites. The political economy of structural reforms in europe edited by nauro f. She worked as a postdoc researcher at the university of leuven and was a visiting fellow at the centre for european policy studies in.
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. We test the hypothesis that the government bond markets in the eurozone are more fragile and more susceptible to selffulfilling liquidity crises than in standalone countries. Global economics in extraordinary times columbia university. Yuemei ji is an associate professor in economics at university college london ucl. With contributions from behavioral economics and game theory springer texts in business and economics. With an economic slowdown looming in the euro area, how should fiscal policies respond. Cover for beyond experiments in development economics. Economic growth and structural reforms in europe edited by nauro. Uses comprehensive, critical assessments of the costs and benefits of different reform programs to guide future policies and identify the conditions under which structural reforms are beneficial.
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. Yuemei ji is a lecturer in international economics and the political economy of european integration at university college london. Labour market regulation and tax reform complement each other. Austerity simple english wikipedia, the free encyclopedia. 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. Cambridge core academic books, journals and resources for economic development and growth. Apr 15, 2020 economics has not given sufficient attention to the microeconomic analysis of innovation and technological change. Behavioural economics is also useful in macroeconomics vox. Browse the amazon editors picks for the best books of 2019, featuring our. Transitions in the eu labour market before and after the crisis. A state of the art and policy oriented volume of contributions from leading researchers. She is an associate research fellow at the centre for european policy studies in brussels. The final reading list for each topic will be available step by step.
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. From panicdriven austerity to symmetric macroeconomic policies in the eurozone, journal of common market studies, wiley blackwell, vol. Yuemei ji is associate professor of economics at the university college london. It is very much a book about mathematical models, yet it is also an intelligible description of the models and how they work. The issue of whether structural reforms lead to higher economic growth remains controversial. Her areas of expertise are european macroeconomics and international financial economics. For a full list of books published, please visit the unumerit website. International macroeconomics in general, and the european monetary union during postcrisis period in particular. Concepts from behavioural economicshelp develop macroeconomic models with endogenous business cycle fluctuations. Yuemei ji modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world.
This has created a very shallow theory of the business cycle in which nothing happens in the macroeconomy unless shocks occur from. It is very much a book about mathematical models, yet it is also an intelligible. The fiscal implications of the ecbs bondbuying programme. More evidence that financial markets imposed excessive.
Time to change budgetary priorities in the eurozone, lse research online documents on economics 101737, london school of economics and political science, lse library. This book identifies the conditions under which structural reforms are beneficial, and throws new light on the. London school of economics and cama yuemei ji licos, university of leuven and ceps abstract. Yuemei ji is a lecturer in economics at the university college london. His books include the economics of monetary union, international money. The global financial crisis impulse continues to influence our lives through various structural reform mechanisms responses and will do so for a very long time. Books centre for population, development and labour. Ucl is the number one london university for research strength. Behavioral economics is useful also in macroeconomics. He was a member of the belgian parliament from 1991 to 2003. She obtained her phd from the university of leuven, and was previously a visiting fellow at the european institute at lse, the centre for european policy studies ceps in. Fiscal policies in booms and busts, cepr discussion papers 740, c. Recent books microeconomics and macroeconomics economics.
Reforms are too important to be left to reformers vox, cepr. This book provides an overview and insight into williamsons work. The political economy of structural reforms in europe nauro f. Behavioural economics is also useful in macroeconomi. This has created a very shallow theory of the business cycle in which nothing happens in the macroeconomy unless shocks occur from outside. The authors are grateful to daniel gros for useful comments.
The paperback of the global economics in extraordinary times. Rethinking fiscal policy choices in the euro area vox. Develops a new paradigm for macroeconomic analysis. This paper uses concepts from behavioural economics and discusses a new keynesian macroeconomic model that generates endogenous business cycle fluctuations driven by animal.
Yuemei ji is a researcher at licos centre for institutions and economic performance, university of leuven. The political economy of structural reforms in europe. She gives lectures on intermediate macroeconomics and international macroeconomics. This syllabus will be subject to changes and updates during the semester. Dr yuemei ji ucl school of slavonic and east european. Financial engineering will not stabilise an unstable euro. 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. Concepts from behavioural economics help develop macroeconomic models with endogenous business cycle fluctuations. Yuemei ji is an aconomist at licos, university of leuven, belgium. Economic growth and structural reforms europe macroeconomics. Behavioural economics is useful also in macroeconomics. 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. This section give an overview of books related to the topic of population, development and labour economics.
Search the worlds most comprehensive index of fulltext books. This chapter provides a critical overview of the state of the art in the economics literature on structural reforms. Cambridge core economic development and growth economic growth and structural reforms in. Ucl school of slavonic and east european studies ssees.
He is honorary doctor of the university of sankt gallen switzerland, of the university of turku finland, the university. 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. If you can get through it, there are some interesting points made. The ccsee at ucl ssees formerly economics and business seminar series and centre for comparative economics provides a forum for external and internal speakers to present their new work in economics and business. Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. 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. This book identifies the conditions under which structural reforms are beneficial, and throws new light on the determinants and effects of structural reforms, and on how these shape the european integration experience. R e b o o t i n g u r o p e how to fix europes monetary union. Economists have been the major force arguing for more liberalized marketbased economies. Yuemei ji is a lecturer in economics at university college london. This column uses a behavioural macroeconomic framework to investigate the tradeoffs between stabilising output and public debt. Economic growth and structural reforms in europe edited by.
The peterson institute held a conference to present the festschrift, global economics in extraordinary times. Counteracting this imbalance, the microeconomics of product innovation considers how the use of economic analysis can guide and inform the search for insight in the generation and adoption of new products synonymously labelled. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for the member states of the european union as well as for a global sample. This guide provides an overview of research methods and the fordham university librarys collection of economics resources. 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. Financial engineering will not stabilise an unstable euro area march 19, 2018 mathew d.
Theory and policy and millions of other books are available. 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. This paper tests the hypothesis that government bond markets in the eurozone are more fragile and more susceptible to selffulfilling liquidity crises than in standalone countries. Disappearing government bond spreads in the eurozone free. Book behavioural macroeconomics putting people first by. The political economy of structural reforms in europe nauro. Austerity measures are used by governments that find it difficult to pay their debts. Dr yuemei ji ucl school of slavonic and east european studies. We find evidence that a significant part of the surge in the. The chinese economy, especial its financial development and the government. New and noteworthy books in economics february books new and noteworthy books in economics december the great reversal how america gave up on free markets. Demonstrates an interdisciplinary method stressing the behavioural dimensions to macroeconomics.
Book behavioural macroeconomics putting people first. 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. Yuemei ji did her undergraduate studies in economics at fudan university shanghai and obtained her phd in economics from the university of leuven in 2011. Political economy of structural reforms in europe oxford. Behavioural economics is also useful in macroeconomics. Austerity measures political economics are government actions that try to reduce government budget deficits. In this book, we reflect on these important issues in great detail. In this way well be able to tailor the contents of this course to students needs, interests and background. It includes contributions from the editors, stanley fischer, edwin m.
Reforms in labour and product markets play a central role in government policies. Yuemei ji university of leuven yuemei ji obtained her phd in economics from the university of leuven in march 2011. 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. Richard baldwin is professor of international economics at the graduate institute. New and noteworthy books in economics january eaxes. Cambridges economics list is renowned for the breadth and quality of its publishing. Grauwe, london school of economics and political science, yuemei ji, university college london. Currently, she is a lecturer at university college london. Dynamic stochastic general equilibrium models are still dominant in mainstream macroeconomics, but they are only able to explain business cycle fluctuations as the result of exogenous shocks. They do this by spending less, increasing tax, both, or some other clever ways. Stanley fischer, governor of the bank of israel, delivered the keynote address on the washington consensus, a term coined by williamson. London school of economics and political science reforms in labour and product markets play a central role in government policies.
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