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 outside. Meer

Reforms in labour and product markets play a central role in government policies. 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. Meer