The Enigma of the Ineffectiveness of Structural Policy

  • Richard A. Werner


The lack of apparent success of fiscal and monetary policies was taken by many economists as evidence that demand-side policies did not work. So they advanced supply-side policies that focus on structural change. Japan, we were told had to implement ‘badly needed’ structural reforms.


Economic Performance Gini Coefficient Structural Reform Neoclassical Economic Structural Policy 
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Copyright information

© Richard A. Werner 2005

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  • Richard A. Werner

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