The 1984 Economic Reforms in New Zealand
Cagatay, Selim
Beginning in the mid-1980s New Zealand underwent a comprehensive set of economic reforms, which were remarkable for their breadth and sequencing. However, the short-term adjustment costs of the policy changes in terms of the decrease in output and employment levels were higher than anticipated. There was also a delay in the macroeconomic improvement. This book, by basing on the background theories of alternative strategies of policy sequencing...