Reform der Wirtschaftspolitik voraussetzt, um verlorenes Vertrauen zurückzugewinnen. Dazu bietet sich neben einer … überwiegt in dem Papier eine skeptische Haltung gegenüber den Chancen einer Reform im obigen Sinne, selbst wenn sich einzelne …The paper starts from the assumption that a lasting recovery of Japan's economy can only come about by a reform of …

paradox, the reason being that the process of revealing reform outcomes is an example of sampling without replacement: every … identity (reform winner or loser?) more pessimistic about their chances of benefiting from the reform. Consequently, learning … considerations challenge the conventional wisdom that sequencing should be such that favorable reform outcomes are revealed first …

We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization … economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …, translate into lower subsequent inflation. Crises thus appear to serve as catalysts of reform and institutional change and lead …

Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be … driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of …

-owned enterprise reform in the context of Vietnam's accession to the WTO. …

Recent research convincingly shows that crises beget reform. Although the consensus is that economic crises foster … macroeconomic stabilization, it is silent on which types of crises cause which types of reform. Is it economic or political crises … interdependencies between the two types of crises, feedbacks between the two types of reform, the use of alternative measures of …