Reform Capacity and Macroeconomic Performance in the Nordic Countries
- Publisher's listprice GBP 122.50
-
55 308 Ft (52 675 Ft + 5% VAT)
The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.
- Discount 10% (cc. 5 531 Ft off)
- Discounted price 49 778 Ft (47 408 Ft + 5% VAT)
Subcribe now and take benefit of a favourable price.
Subscribe
55 308 Ft
Availability
printed on demand
Why don't you give exact delivery time?
Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.
Product details:
- Publisher OUP Oxford
- Date of Publication 5 February 2015
- ISBN 9780198717102
- Binding Hardback
- No. of pages382 pages
- Size 241x162x30 mm
- Weight 742 g
- Language English
- Illustrations Figures and Tables 0
Categories
Short description:
This volume examines whether the reform experiences in the Nordic economies offer some lessons for the design of the general fiscal framework in the wake of the financial crisis.
MoreLong description:
The outbreak of the financial crisis in 2008 has had significant effects on economic activity, unemployment, and public finances for all European countries. However, European economies do not form a homogenous region, and any serious analysis of macroeconomic imbalances in Europe must account for the fact that different economic and political models and circumstances operate across the continent. This book focuses on the Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden) which have a relatively good record of undertaking fiscal and structural reforms after their own financial and debt crises in the 1980s and 1990s. The Nordic countries are small and open economies, well-known for their high income levels, high employment rates, organized labour markets, a relatively equal distribution of incomes, and large public sectors. From this perspective, the book asks whether there are lessons that might be learned from the Nordic economies. Is there a distinctive Nordic model that could be usefully followed, by other small open economies, in terms of fiscal and monetary policy design, labour market policies and reforms, and financial and housing market regulation? It is inappropriate to define the Nordic model in terms of a common set of policies. Since the key characteristics, including the overarching objectives and supporting institutions, have strong historical foundations, copying and pasting them to other countries is not easily done. Even though the Nordic experiences are not directly transferable, they may add new knowledge about the importance of institutional design, fiscal consolidation, and structural reforms not only for macroeconomic performance but also for how to preserve key objectives such as social balance and equity.
MoreTable of Contents:
Macroeconomic Perspectives on the Nordic Economies: Past, Present, and Future
Collective Risk Sharing: The Social Safety Net and Employment
Commentary on Chapter 2: Social Trust and the Efficiency-Equity Trade-Off
Missing the Link? On the Political Economy of Nordic Egalitarianism
Commentary on Chapter 3
Labour Market Policies in Denmark: A Story of Structural Reforms and Evidence Based Policy
Commentary on Chapter 4
What Scope for Monetary Policy? Experiences from the Nordic Countries after the Financial Crisis
Commentary on Chapter 5
Monetary Policy and Exchange Rate Stabilization in Norway and Sweden
Commentary on Chapter 6
House Prices in Denmark and Sweden
Commentary on Chapter 7
Reforming the Fiscal Framework: The Case of Sweden 1973-2013
Commentary on Chapter 8
Shaping the Fiscal Policy Framework: Lessons from Fiscal Consolidations in Denmark and Sweden
Commentary on Chapter 9
A Crisis Not Wasted: Institutional and Structural Reforms Behind Norway's Strong Macroeconomic Performance
Commentary on Chapter 10
Finland and Sweden in Cross-Country Comparison: What are the Lessons?
Commentary on Chapter 11
Iceland: How Could This Happen?
Commentary on Chapter 12
Challenges to the Nordic Model
