The New Zealand economy is noteworthy in policy circles for its turnaround during the 1980s and early 1990s. Starting from a state of semi-autarky in the early 1980s, the country now has a much more flexible and efficient economic structure. In the 15 years to 1999, successive governments...

The New Zealand economy is noteworthy in policy circles for its turnaround during the 1980s and early 1990s. Starting from a state of semi-autarky in the early 1980s, the country now has a much more flexible and efficient economic structure. In the 15 years to 1999, successive governments...

In diesem Beitrag wird neben einem kurzen Überblick über die Argumentationsweise und Probleme der Theorie optimaler Währungsräume ein neues Beurteilungskriterium vorgestellt: die politische Reformfähigkeit potentieller Mitgliedstaaten einer Währungsunion. Hintergrund für diese Erweiterung...

Indicators of government activity must be carefully designed to be relevant, credible and accountable. Frustration with reform pressures suggests that measures of policy activity are not providing accurate information. In fact, indicators of product or labour market regulation fail to measure...

Revenue reforms can contribute to more inclusive, green, and sustainable growth in China. Relative to OECD economies, fiscal policy in China is less redistributive. Options for promoting more inclusive growth include improving the progressivity of labor taxes (individual income tax and social...

Countries are often slow to adjust their economic structures to new necessities although this reform reluctance is costly in terms of growth and employment. This paper analyses the relevant factors that block or foster economic reforms. Theoretical considerations show that there are at least...